JAMB Commerce 2010 Objective — Question 13

Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.

13. The comparison of a country's visible and invisible exports and imports expressed in monetary term is a A. bag of payment B. terms of trade C. balance of trade D. terms of payment

A. bag of payment
B. terms of trade
C. balance of tradeCorrect
D. terms of payment

Explanation

Balance of trade is the comparison of a country's visible and invisible exports and imports expressed in monetary terms.

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