by Sunday | Dec 13 | Commerce JAMB
A. decreases B. remains constant C. increases D. equals import Correct Answer: Option C – increases Explanation Terms of trade (TOT) represent the ratio between a country’s export prices and its import prices.. It improves When the exports are higher than...
by Sunday | Dec 13 | Commerce JAMB
A. consular invoice B. certificate of origin C. bill of lading D. close indent Correct Answer: Option B – certificate of origin Explanation A Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export...
by Sunday | Dec 13 | Commerce JAMB
A. shipping note B. ship report C. ship manifest D. dock warrant Correct Answer: Option C Explanation A ship manifest, customs manifest or cargo document is a document listing the cargo, passengers, and crew of a ship, aircraft, or vehicle, for the use of...
by Sunday | Dec 13 | Commerce JAMB
A. provision of a good transport system to facilitate imports and exports B. provision of security at the port C. control of the flow of goods in and out of the country D. provision of dockyards for ship repairs Correct Answer: Option C – control of the flow of...
by Sunday | Dec 13 | Commerce JAMB
A. desire to trade with many countries B. willingness to grant credit to foreigners C. balance of trade D. terms of trade Correct Answer: Option A – desire to trade with many countries
by Sunday | Dec 13 | Commerce JAMB
A. exports exceed imports B. visible exports exceed visible imports C. imports and exports are equal D. visible imports exceed visible exports Correct Answer: Option D – visible imports exceed visible exports Explanation when the value of its imports exceed...