Balance of Payment (BoP)
Quick practice
Question 1 of 5
Consider the following statements:
- A country with a positive balance of trade is known as a trade debtor nation.
- A country with a negative balance of trade is known as a trade creditor nation.
Which of the statements given above are correct:
A
Only 2
B
Only 1
C
Both 1 and 2
D
Neither 1 and 2
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