Manufacturers Association
Trade Union
Employers AssociationConsumers Association
Consumers Association
Correct answer is A
Manufacturers Association of Nigeria also known as MAN is a trade group headquartered in Lagos. The group act as a platform that manufacturers use to influence economic, industrial, labour and social policy within Nigeria. They encouraging a high quality of members' products through the research
When C.I.F is quoted on an invoice, it means that the price includes the
cost of goods only
cost of insurance only
cost of carriage only
cost, insurance and carriage
Correct answer is D
CIF means Cost, Insurance, and Freight. That is ,the seller is obligated but not restricted to : Taking care of export customs clearance formalities at origin
Currency notes
Cowries
Cheques
Bankdrafts
Correct answer is B
Cowries where used as a medium of exchange by traders during the barter system. The cowrie currency had enabled the economy to overcome the inherent problems of the barter exchange system.
Which of the following distinguishes home trade from foreign trade?
Payments are easily arranged
Taxies are levied
Goods have to be warehoused
Middlemen are not required
Correct answer is A
In a home or domestic trade, payment for goods and services are less cumbersome and easily arranged unlike foreign trade that is prone with the problem of different currencies and exchange rate
Banks settle their indebtedness in the
discount house
stock exchange market
commercial bank
clearing house
Correct answer is D
A clearing house is a bankers' establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash.