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A.
rate at which the central bank discounts first class bills
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B.
rate at which a country's exports exchange for its imports
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C.
expected rate of returns on an investment
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D.
rate of payment for goods and services purchased
Correct Answer: Option B
Explanation
Terms of trade measures the relative prices at which goods are exchanged between countries, indicating how much import a country can purchase for a given amount of exports.
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