In foreign trade, a country specializes in the production of a commodity in which it has?
high production potentials
the greatest relative advantage
a large market
political influence
the highest relative cost
Correct answer is B
No explanation has been provided for this answer.
banks
insurance
transport
advertising
warehousing
Correct answer is E
No explanation has been provided for this answer.
The difference between the value of imports of goods for a particular year is known as?
balance of payment
balance sheet
balance of trade
terms of trade
terms of payment
Correct answer is D
No explanation has been provided for this answer.
A charge is specified cross if?
it has two parallel lines across it
the words & Co are written in between the lines?
the name of a bank is written across it
the words not negotiable are written across it
the name of the banker on the cheque
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a reason for dishonoring a cheque?
Irregular signature
Signed alteration on the cheque
Insufficient fund in drawer's account
Drawers stopped payment on time
Amount in words differs from what written in figures
Correct answer is B
No explanation has been provided for this answer.