What is meant by term Balance of Trade? I. Those transactions arising out of exports and imports (the visible items) II. It is a statistical statement of all transactions made between one particular country and all other countries during a specified period of time III. This account is the summary of all international trade transactions of the domestic country in one year

What is meant by term Balance of Trade? I. Those transactions arising

1.	What is meant by term Balance of Trade? I. Those transactions arising out of exports and imports (the visible items) II. It is a statistical statement of all transactions made between one particular country and all other countries during a specified period of time III. This account is the summary of all international trade transactions of the domestic country in one year
A.	I & III
B.	Only I
C.	Only II
D.	None of the above
Answer» C. Only II

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