Review EACH of the stages in the life cycle of a bill of exchange

Review EACH of the stages in the life cycle of a bill of exchange

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]


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