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The Terms of Trade (TOT)is Defined as

Question 55

Multiple Choice

The terms of trade (TOT) is defined as


A) (index of export prices) /(index of import prices) .
B) (home-country currency) /(foreign-country currency) .
C) The terms of trade (TOT) is defined as A) (index of export prices) /(index of import prices) . B) (home-country currency) /(foreign-country currency) . C) D)
D) The terms of trade (TOT) is defined as A) (index of export prices) /(index of import prices) . B) (home-country currency) /(foreign-country currency) . C) D)

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