Definition of terms of trade in English:
The ratio of an index of a country’s export prices to an index of its import prices.
- A ratio comparing export prices to import prices, the terms of trade is related to current accounts and the balance of payments.
- To be sure, there are substantial benefits to be derived in terms of trade, price transparency and economic efficiency from the embrace of a common currency union.
- The sources of the liquidity squeeze include poorer terms of trade with customers and suppliers and a less accommodating approach by banks.
Definition of terms of trade in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in India