Economics · Economy
With reference to external sector terminology, which one of the following best describes the term 'import cover'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The ratio of a country's annual exports to its annual imports
- 2The proportion of imports met through domestic production over a given period
- 3The number of months of imports that can be financed by the country's foreign exchange reserves✓
- 4The share of imports in the Gross Domestic Product of a country
Correct answer
The number of months of imports that can be financed by the country's foreign exchange reserves
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