Question : The exchange of commodities between two countries is referred as
Option 1: Balance of trade
Option 2: Bilateral trade
Option 3: Volume of trade
Option 4: Multilateral trade
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Correct Answer: Bilateral trade
Solution : The Correct Answer is Bilateral trade
Bilateral trade is the transfer of goods between two nations in an effort to expand investment and trade. Bilateral trade agreements between the United States and Brazil, the European Union and Japan, and Morocco are all successful examples. Bilateral trade or clearing trade is the term used to describe trade that takes place only between two states. This type of trade includes barter exchanges between governments that are based on bilateral agreements rather than using hard currency.
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