The Expression "Terms of Trade" Refers to The

question 45

Multiple Choice

The expression "terms of trade" refers to the:

• A) rate at which a nation can trade its products for imported goods.
• B) credit terms that an exporter extends to an importer.
• C) period of time within which an importer can pay an exporter without incurring a finance charge.
• D) terms on which an importer borrows from his bank in order to finance his purchases.

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Definitions:

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