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In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
To arrive at the gross profit of a trading business, which one of the following formulae is applied ?
Trading place where traders meet one another to communicate is classified as
Which exchange member is assigned to a specific trading post?

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