General Knowledge

Economy

Easy

The relationship between the values of a country's imports and its exports is called.

Balance of Trade

Balance of Payment

Balance of currency

Bill of exchange

✅ Correct Option: 1

Balance of Trade is the difference between the monetary value of a country's exports and imports over a given period. Balance of Payment is a broader concept covering all transactions. The specific relationship between only imports and exports is called Balance of Trade.

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The relationship between the values of a country's imports and its exports is called.

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