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The merchandise trade balance is defined as which of the following? the difference between the value of what a country exports and what it imports.

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The merchandise trade balance is defined as which of the following? the difference between the value of what a country exports and what it imports. the broadest bookkeeping legend of a country's commercial transactions with the rest of the world. the sum of a country's merchandise trade balance, service balance, and unilateral transfers within a period of time The Sum of Cross-border financial transactions for a given period None of the Above

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