A. pay interest after 3 months B. gets discount if he pays within 3 months C. pay full invoice amount…
A. a brick layer B. an engineer C. an insurance broker D. a barber Correct Answer: Option C C. an…
A. paying the last installment B. paying the first installment C. taking possession of the goods D. paying half the…
A. collaterals B. commodities C. resources D. securities Correct Answer: Option D D. securities
A. Free on Board (FOB) B. Free Alongside Ship (FAS) C. Cost, Insurance, Freight (C.I.F) D. ex-ship Correct Answer: Option…
A. specialist wholesaler B. rack jobber C. drop shipment D. truck wholesaler Correct Answer: Option D D. truck wholesaler Explanation…
A. Fiduciary note B. Token money C. Commodity money D. Fiat money Correct Answer: Option A A. Fiduciary note Explanation…
A. current assets B. debit balances C. credit balance D. fixed assets Correct Answer: Option A A. current assets Explanation…
A. fare B. freight C. demurrage D. charges Correct Answer: Option B B. freight Explanation Freight: A charge paid for…
A. bill of exchange B. bill of entry C. letter of hypothecation D. bill of lading Correct Answer: Option D…