Choose the given statement as true/false:

Trade between two countries is called local trade.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Trade between two countries is not called local trade. The trading of merchandise among individuals, states also, and nations are alluded to as the exchange. The market is where such trades occur. An exchange between two nations is called the global exchange. It might occur through the ocean, air, or land courses. While the nearby exchange is conveyed in urban areas,and towns, the state-level exchange is conveyed between at least two states. The progression of the global exchange of a nation is a list of its monetary thriving. It is, in this manner, considering the financial indicator for a country.
The correct statement is trade between two countries is not called local trade.

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