Question 16
Question 16 of 40
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
2. Commercial operations
2.5. Trading documents

different types of documents used in home trade: enquiry, quotation, order, invoice, delivery note, credit note, statement of account and receipt

5. Aids to trade that sup...
5.2. Banking

the different types of banking services: accounts: current and deposit/savings customer services: ATM, night safe, foreign currency, financial advice and telephone banking payments: cash, cheque, credit card, debit card, store card, credit transfer, standing order, direct debit, electronic transfer and documentary credit (letter of credit) sources of finance: loan, overdraft, mortgage and hire purchase

3. Globalisation of trade
3.1.3. Balance of Trade and Balance...

the difference between Balance of Trade and Balance of Payments