Commerce WAEC

Which of the following may be used to restrict imports?

i. Bill of lading

ii. Specific Licenses

iii. Foreign exchange rationing

iv. Letters of credit

v. Customs duties and tariffs

A. i, ii and v only
B. ii, iii and v only
C. iii, iv and v only
D. i, ii and iv only
E. ii, iii and iv only

Correct Answer:

Option B – ii, iii and v only

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