Institution: Bangladesh Bank Exam: Officer (Cash) -Sonali Bank | BD Development | BD Krishi Bank - 12.10.2018 ||
Topic: International General Knowledge, Subject: International GK (আন্তজার্তিক বিষয়াবলী)

Best Answer Explained in Below-:

The term "bilateral trade" specifically describes the exchange of goods and services between two countries. In contrast to other trade classifications, bilateral trade emphasizes a direct economic relationship between two nations, where both parties engage in importing and exporting commodities to and from each other. This reciprocity often facilitates stronger economic ties, diplomatic relations, and cooperation in various sectors, including trade policies and agreements.

The other options presented have distinct meanings and are not applicable when describing trade specifically between just two countries. For instance, "balance of trade" refers to the difference between a country's exports and imports, while "volume of trade" pertains to the total quantity of goods exchanged, regardless of the number of countries involved. "Multilateral trade," on the other hand, involves three or more countries engaged in trading activities. Hence, the most accurate term to describe the exchange of commodities exclusively between two nations is "bilateral trade," making option B the correct choice.