To what does the phrase 'terms of trade' refer?

A ) The currency exchange rate

B ) The difference between the value of visible exports and visible imports

C ) The government policies to increase exports

D ) The rate at which exports are exchanged for imports ✅

Related Questions
  1. What is likely to be higher in a developing country,such as Zimbabwe than in a developed country,such as Switzerland?
  2. The best means of saving during inflation is to keep:
  3. Debenture is a
  4. Which function is performed by both commercial banks and central banks?
  5. Which of the following can be used for check inflation temporarily?
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