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When the balance of trade is unfavourable which of the following conditions prevails?

Commerce
WAEC 1995
When the balance of trade is unfavourable which of the following conditions prevails?
  • A. Exports exceed imports
  • B. Imports exceed exports
  • C. Customs duty is high
  • D. lnvisible exports exceed visible imports
  • E. The value money falls
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Correct Answer: Option B
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