Dear Colleagues!
Please help me in these questions:
1.Which one of the following statements is true?
A) Whwn the total value of imports exceeds the total value of exports, the balance of trade is favourable.
B.)The balance of trade is considered unfavourable in the country imports more than it exports.
C.)Invisible items are included in the balance of trade.
D)The balance of payements shows the invisible items bjut not the visible items.
2. The rate at which a countrie �s exports are exchanged for its imports is called the...
A) Terms of payements
B)Balance of trade
c)balance of payements
D)terms of trade
I hope someone can help me. The dictionary couldn �t help me. Thans in advance!