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INTERNATIONAL
TRADE & PAYMENTS II
Instructions to candidates:
a) Time
allowed: Three hours (plus an extra ten minutes’ reading time at the start – do
not write anything during this time)
b)
Answer any FIVE questions
c) All
questions carry equal marks. Marks for each question are shown in [ ]
1.
Review EACH of the stages in the life cycle of a bill of exchange. [20]
2.
Evaluate the contribution of red clause credits and standby credits to the
system of international trade. [20]
3.
Explain the role of a credit controller, and assess the advantages that it
brings to an international exporter. [20]
4.
Explain what forfaiting is and evaluate its contribution to international trade. [20]
5.
Review the circumstances in which it is likely that an exporter will seek
payment in advance or cash with order from a buyer. [20]
6.
Explain the concept of the purchasing power
parity theory and comment on its relevance in the modern-day
trading environment. [20]
7.
Critically evaluate the role and contribution of royalty and licensing payments
in the system of international trade. [20]
8. Analyze
how a country’s balance of payments position will affect its ability to trade
internationally. [20]