Which of the following best describes the term 'import cover', sometimes seen in the news?

  • It is the ratio of value of imports to the Gross Domestic Product of a country
  • It is the total value of imports of a country in a year
  • It is the ratio between the value of exports and that of imports between two countries
  • It is the number of months of imports that could be paid for by a country's international reserves
Which of the following best describes the term 'import cover', sometimes seen in the news?
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