The traditional way of paying cooperative dividend is to distribute profit in proportional to members’?
A. subscriptions B. total savings C. volume of purchase D. contributions Correct Answer: Option C – volume of purchase
Which of the following requires payment into the payee’s account?
A. Crossed cheque B. Traveller’s cheque C. Open cheque D. Certified chegues Correct Answer: Option A – Crossed cheque
A major setback of international trade is?
A. inadequate exports B. economic sanctions C. devaluation of currency D. exchange rate appreciation Correct Answer: Option B – economic sanctions
The major function of a trade association is that it?
A. liases with foreign trade associations B. helps to promotes foreign trade C. facilitates members’ access to credit facilities D. helps to promote resarch on behalf of members Correct Answer: Option D – helps to promote resarch on behalf of...
A written agreement for hiring a ship for transporting goods is a?
A. consular invoice B. bill of lading C. charter party D. certificate of origin Correct Answer: Option C – charter partyProducts
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