1. Under which one of the following circumstances would it be wise for your customer to arrange a forward foreign exchange contract? ______.
% y+ R3 \+ N2 z0 j# C+ Q6 i+ x4 K KA. Import of goods priced in a foreign currency
! e% r6 j6 Y0 n( MB. Import of goods priced in RMB/ F0 D7 G' g' Y4 P. D# u; k/ w$ G
C. Export of goods priced in RMB
, B; q3 E9 L0 ^9 J# lD. Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
7 G4 D4 D# n) S, z5 y! ]/ z2. Incoterms address ______.
. X* y p# X2 ?$ Z# z. t/ _ qA. the risks of loss between the parties % f. z1 t0 ~8 }; z& q
B. breaches of contract- J4 z8 L& k- n! g! w; H+ `7 T; J
C. ownership rights
6 e J7 r! p0 s0 a, Y0 JD. type of ship used
C9 Q% j" A% @. y7 q! Z3. Which of the following is or was an example of representative full-bodied money? ______.
6 C6 B. O9 G7 J: z! v" D jA. Debt money
7 v; ` r; }4 V( sB. ATS account/ z/ j, }) s; }( `8 N. c
C. Gold certificate ( V. o! v$ ?/ h' T) B* G/ K! G" t
D. Demand deposit
, {3 j% O5 Y; k3 u, _# ]$ V4. Risks associated with investing in foreign countries are the following except ______.
, d" p- F: \3 X: d- GA. voting risk & W( ]* K8 ?/ }' C* z' L3 _2 H
B. exchange rate risk
. o, E9 w& F3 L- J z) g0 SC. country risk # d* D# o/ [# C1 i9 j) ~' ~
D. political risk
% F8 b$ l l; N5. An exporter sells goods to a customer abroad on FOB and on CIF term. Who is responsible for the freight charges in each? ______.6 {% Y1 F% i/ u, a; q
A. Exporter; Exporter 3 A. s# t3 j& \- i' p% V
B. Exporter; Importer8 U- w; Z' I; |. q
C. Importer; Importer
1 b1 |+ l4 L h, t) ?D. Importer; Exporter |