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2451

Banks settle their indebtedness in the

  • A. discount house
  • B. stock exchange market
  • C. commercial bank
  • D. clearing house
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2452

Which of the following distinguishes home trade from foreign trade?

  • A. Payments are easily arranged
  • B. Taxies are levied
  • C. Goods have to be warehoused
  • D. Middlemen are not required
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2453

Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?

  • A. Currency notes
  • B. Cowries
  • C. Cheques
  • D. Bankdrafts
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2454

When C.I.F is quoted on an invoice, it means that the price includes the

  • A. cost of goods only
  • B. cost of insurance only
  • C. cost of carriage only
  • D. cost, insurance and carriage
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2455

Encouraging a high quality of members' products through the circulation of research information is a function of

  • A. Manufacturers Association
  • B. Trade Union
  • C. Employers Association
  • D. Consumers Association
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