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FOREIGN TRADE — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE2 Marks
Question
Mention the main factor affecting Balance of Payments.
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Answer

The factors affecting balance of payments- are exchange rate, price of product or service in domestic and international market, quality and variety of the product, inevitable imports, level of country's economic progress, political and legal relation on trade, transportation, communication and infrastructural facilities.

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