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International Trade — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMInternational Trade2 Marks
Question
Give the meaning of foreign trade.
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Answer

  • When the people and institutions of one country perform business activities with the people and the institutions of another country it is called foreign trade. Payment is made in the currency of the country from where the goods have been imported.

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