Foreign trade - Jamb Commerce Past Questions and Answers

Question 86:

• JAMB 2019

A fall in the value of a country's currency vis-a-vis other currencies is known as__________

A. Depreciation
B. Reduction
C. Devaluation
D. Exchange rate

Question 87:

• JAMB 2019

Services are made up of

A. Visible and invisible
B. Industry and Commerce
C. Direct and indirect services
D. Goods and Services

Question 88:

• JAMB 2019

Which of these is a document used in International trade?

A. Debit note
B. Credit note
C. Invoice
D. Price ring

Question 89:

• JAMB 2019

All but one is not a barriers to foreign trade

A. Natural Barriers
B. Economic Barriers
C. Social and Language Barriers
D. Trade Fair

Question 90:

• JAMB 2019

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

A. Nigerian Police Authority
B. Nigerian Ports Authority
C. National Ports Authority
D. National Police Authority