3.1.3. Balance of Trade and Balance of Payments
A subsection of Commerce, 7100, through 3. Globalisation of trade
Listing 10 of 109 questions
HF Wholesalers prepared a statement of account for OO Trading. STATEMENT OF ACCOUNT HF WHOLESALERS UNIT 205, ANYTOWN INDUSTRIAL ESTATE ANYTOWN To OO Trading 110 Main Road Anytown Month Ending 30 April 2020 April 1 April 6 April 6 April 12 April 22 April 26 April 29 balance b/f remittance received cash discount sales invoice sales invoice credit note sales invoice DATE CREDIT BALANCE DETAILS DEBIT $ $ $ How much did OO Trading owe HF Wholesalers on 30 April?
7100_s20_qp_13
MCQ
2020
Paper 1, Variant 3
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The graph in Fig. 4 shows the value of visible and invisible exports for Country A for 2011–2016. year visible exports invisible exports $ billion Fig. 4 Use the information in Fig. 4 to help you answer the following questions. Explain the difference between visible and invisible exports, giving an example of each. In which year did Country A export the most? The total of visible and invisible imports for Country A in 2016 was $6.5 billion. Use Fig. 4 to calculate the Balance of Payments for Country A in 2016. Show your working. A recent discovery of iron ore has been made in the country. This ore will be exported to many countries. Explain two effects on the Balance of Payments of the development of mines to extract the ore. State two suitable methods of transport for delivering the ore to a port 250 km from the mines. The government of Country A may decide to let a multinational mining company own and develop the mine. Discuss whether or not the government should allow this to happen. Give reasons for your opinion.
7100_w17_qp_22
THEORY
2017
Paper 2, Variant 2
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Questions Discovered
109