Reena and Meenu study in class 12 and were discussing about the exam they had given the previous day. They both ended up arguing on the point that what is the difference between value of exports and imports of visible items called as? Reena said it is called as balance of trade where as Meenu argued that it is called as trade balance. What do you think about the argument? 

Both of them are correct

The correct answer is Option 3: Both of them are correct

The difference between value of exports and imports of visible items is called as Balance of Trade. It is also known as "Balance of visible trade" or "Trade balance". So, we can say that both of them are correct.