Question on: JAMB Commerce - 2016
Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
The formular above can be used to determine the
The formular above can be used to determine the
A
terms of payment
B
balance of payments
C
tearms of trade
D
import tariffs
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Correct Option: C
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