Yet as the value of trade increased for the seventh consecutive year in 2022, the bilateral deficit widened.

然而，随着贸易额在 2022 年连续第七年增长，双边逆差扩大。

In the first place he held that the rate of interest depended on the proportion of the quantity of money (allowing for the velocity of circulation) to the total value of trade.

首先，他认为利率取决于货币数量（考虑到流通速度）与贸易总价值的比例。