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Questions and Answers
Which payment mode in international trade involves a transfer of money from the buyer's bank account to the seller's bank account?
Which payment mode in international trade involves a transfer of money from the buyer's bank account to the seller's bank account?
- Banker's transfer (correct)
- Letter of credit
- Cheque payment
- Bill of exchange
What is the key document required in a Bill of Exchange?
What is the key document required in a Bill of Exchange?
- Insurance policy
- Letter addressed by banker to exporter (correct)
- Shipping receipt
- Invoice
Which payment method is commonly used for imports in Ethiopia?
Which payment method is commonly used for imports in Ethiopia?
- Promissory note
- Letter of credit (correct)
- Cheque payment
- Banker's transfer
In international trade, what kind of document specifies the nature, unit price, and total price of goods being shipped?
In international trade, what kind of document specifies the nature, unit price, and total price of goods being shipped?
Which payment mode in international trade involves a banker making a payment to an exporter against specific documents?
Which payment mode in international trade involves a banker making a payment to an exporter against specific documents?
What document is similar to a check and can be drawn by either individuals or banks?
What document is similar to a check and can be drawn by either individuals or banks?
Why is issuing currency to finance a deficit considered highly inflationary?
Why is issuing currency to finance a deficit considered highly inflationary?
Which type of income tax policy levies an increasing percent of tax rate as income increases?
Which type of income tax policy levies an increasing percent of tax rate as income increases?
Who does a regressive income tax rate hurt the most?
Who does a regressive income tax rate hurt the most?
Why does a progressive income tax rate hurt those with high-income brackets more?
Why does a progressive income tax rate hurt those with high-income brackets more?
How does a proportional income tax rate treat all incomes?
How does a proportional income tax rate treat all incomes?
What is the primary reason why issuing currency to finance deficits is not advisable?
What is the primary reason why issuing currency to finance deficits is not advisable?
What occurs when governmental expenditure is greater than government revenue?
What occurs when governmental expenditure is greater than government revenue?
How does external borrowing to finance a budget deficit affect the balance of payments?
How does external borrowing to finance a budget deficit affect the balance of payments?
Which of the following is a consequence of the government borrowing funds from domestic sources to finance its deficit?
Which of the following is a consequence of the government borrowing funds from domestic sources to finance its deficit?
What effect does the 'crowding out effect' have on private investment?
What effect does the 'crowding out effect' have on private investment?
Which sector experiences competition with the private sector when the government borrows from domestic sources?
Which sector experiences competition with the private sector when the government borrows from domestic sources?
What is a key disadvantage of borrowing funds from international financial markets to finance a budget deficit?
What is a key disadvantage of borrowing funds from international financial markets to finance a budget deficit?
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