The expression ‘terms of trade’ is used to describe

a

Quality of export

b

The direction of foreign trade

c

Terms of purchase on deferred payment basis

d

The rate at which export exchange for imports

e

Import licensing

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d

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Discussions (3)

ladi oladipo
10 years ago

100% correct d ans is self explanatory

oluchi2025
5 years ago

Dis 99.9% correct

Slimcyph48
11 years ago

Terms of trade can b seen as the rate of exchange of import for export .....a country's terms of trade can b said tu b balanced wen the total import equals or is less the total export

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