Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Who is responsible for the payment of the bill in a documentary credit
Exporter
Importer
Importer's bank
Exporter's bank
Correct answer is B
No explanation has been provided for this answer.
The content of a bill of lading does not include the
name of the shipper
date and place of shipment
name and destination of the vessel
demurrage payable
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a function of the small retailer?
Financing manufactures
Warehouse of goods
Branding of goods
Selling to consumers
Correct answer is D
No explanation has been provided for this answer.
Importing goods into a country re-exporting is know as
home trade
retail trade
entrepot trade
counter trade
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used to show that goods imported were produced in an ECOWAS member country
Insurance policy
Bill of lading
Certificate of origin
Bill of exchange
Correct answer is C
No explanation has been provided for this answer.