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The comparison of a country's visible and invisible exports and imports expressed in monetary term...

Commerce
JAMB 2010

The comparison of a country's visible and invisible exports and imports expressed in monetary term is?

  • A. balance of payment
  • B. terms of trade
  • C. balance of trade
  • D. terms of payment
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Correct Answer: Option C
Explanation

Balance of trade; the difference in value between a country's imports and exports.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts