Question 1 of 8 48 total questions
Fidelity guarantee insurance will only cover
A cashier's fraud
B daylight robbery
C loss of profit
D unpaid loan
The charge paid to a ship owner for the unused part of a ship is known as
A penalty
B dock dues
C dead freight
D demurrage
The ratio between a country's exports and her imports prices is the
A balance of trade
B balance of payments
C terms of trade
D exchange rate
"Net 3 months" on an invoice means the buyer will
A pay interest after 3 months
B gets discount if he pays within 3 months
C pay full invoice amount after 3 months
D have discount if he pays after 3 months
Which of the following is engaged in commercial occupation?
A a brick layer
B an engineer
C an insurance broker
D a barber
In a hire purchase contract, the customer becomes the legal owner of the goods by
A paying the last installment
B paying the first installment
C taking possession of the goods
D paying half the purchase price
Shares, bonds, stocks and debentures traded on the stock exchange are collectively called
A collaterals
B commodities
C resources
D securities
A price quotation which includes all the expenses involved in loading the goods into a ship is
A Free on Board (FOB)
B Free Alongside Ship (FAS)
C Cost, Insurance, Freight (C.I.F)
D ex-ship
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