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    Question

    The difference between the value of exports and the

    value of imports of goods of a country in a given period of time is called _______.
    A Capital Trade Correct Answer Incorrect Answer
    B Marginalised Trade Correct Answer Incorrect Answer
    C Exchange of Trade Correct Answer Incorrect Answer
    D Balance of Trade Correct Answer Incorrect Answer

    Solution

    Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period. Balance of trade is the largest component of a country's balance of payments (BOP).

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