1. The fundamental activities of commercial banks do not include:
2. The air waybill is a certificate of:
3. FIATA stands for:
4. The marking declares that:
5. When the exchange rate of a country is lowered to help foreign trade we say the currency has been:
6. North American Free Trade Agreement (NAFTA) is an example of a(n)
7. Which of the following requirements are among the so-called Maastricht convergence criteria?
8. What is the underlying characteristic of the World Trade Organisation (WTO)?
9. Let us assume that the world is composed of only two countries functioning under the traditional Ricardian trade model, while labour productivity in both countries is described in the following table. Which of the following statements is correct, if the final international price stabilizes at 45 mice per 1 PC?
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Number of PCs per standard unit of labour
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Number of computer mice per standard unit of labour
|
The Czech Republic
|
4
|
200
|
Spain
|
6
|
240
|
10. Let us assume the imitation lag hypothesis, and a new product is developed in country A in June. The demand for this product arises in country B in November however country B is able to produce this product only in February the following year. Indicate the correct answer.
11. Which of the following payment terms provides the seller with the greatest degree of protection?
12. Let us assume that you know the following information about a certain country’s balance of payments: current account balance = -90, capital account = 10, errors and omissions = 0, change in official reserves = -40. What can you say about the financial account?
13. Which bank instrument is the most expensive one?
14. Which of the following labels is necessary for customs purposes?
15. Delcredere is
16. What does not belong among the major functions of logistics?
17. The minimum obligations of the seller in Incoterms 2010 are set by the delivery condition of:
18. Positioning is defined as:
19. Charter Party may have the following form according to the law:
20. Bill of exchange is invalid, when: