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Question 20

The expression 'Terms of Trade' is used to describe

  • A.The quality of exports
  • B.The direction of foreign trade
  • C.Terms of purchase on deferred payment basis
  • D.The rate at which exports exchange for imports
  • E.Import licensing
Objective

Question details

Exam body
UI
Subject
Economics
Year
2015/2016
Question no.
#20
Type
Objective
Previous · Q19Surplus in the balance of payments lead to Next · Q21 The quantity of a currency that exchanges for a unit of another currency is…

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