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Question : The difference in the value of visible exports and visible imports is called :

Option 1: Balance Sheet of items

Option 2: Balance of Payments

Option 3: Balance of Trade

Option 4: Balance of Account


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Balance of Trade


Solution : The correc option is balance of trade.

The "Balance of Trade" is the gap in value between a country's goods sent out (exports) and those brought in (imports) during a specific period, usually a year. A surplus occurs when a country exports more than it imports, while a deficit happens when it imports more than it exports.

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