Question on: JAMB Commerce - 2013
Trading position of Nigeria is the same as her
A
desire to trade with many countries
B
willingness to grant grant credit to foreigners
C
balance of trade
D
terms of trade
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Correct Option: A
The trading position of a country is directly reflected by its balance of trade. The balance of trade is the difference between the value of a country's exports and the value of its imports over a specific period.
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