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    Question

    The exchange of commodities between two countries is

    referred as?
    A Balance of trade Correct Answer Incorrect Answer
    B Bilateral trade Correct Answer Incorrect Answer
    C Volume of trade Correct Answer Incorrect Answer
    D Multilateral trade Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Bilateral trade is an exchange of commodities exclusively between two countries.

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