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Two countries agree to trade specified goods only with each other. What kind of trade is this?

AMultilateral trade
BBarter exchange
CEntrepot trade
DBilateral trade
Answer & Solution
Correct answer: D. Bilateral trade
1. Bilateral trade is between two countries. 2. Multilateral trade involves many. 3. Most Favoured Nation status may be granted. _Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._
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