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Glossary   >   T   >   "Terms of trade" Definition            Terms of trade The weighted average of a nations export prices relative to its import prices. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Terms of trade - The weighted average of a nations export prices relative to its import prices.