Commerce

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

A. unit of account B. measure of value C. store of value D. medium of exchange Correct Answer: Option B…

4 years ago

A major benefit a debtor can derive from using a credit facility is?

A. better service B. goodwill C. convenience D. control Correct Answer: Option C - convenience

4 years ago

The sale of foreign investment and gold reserves can be used to?

A. correct adverse balance of trade B. increase invisible imports C. correct adverse balance of payment D. correct a budget…

4 years ago

The abbreviation C and F indicate that the?

A. production cost excludes the cost of carriage B. selling price includes the cost of carriage C. cost of production…

4 years ago

A share premium is an example of?

A. issued capital B. capital stock C. equity capital D. capital reserve Correct Answer: Option D - capital reserve

4 years ago

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

4 years ago

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

4 years ago

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…

4 years ago

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.…

4 years ago

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…

4 years ago