
Trade Jargon 2
Quiz by E.A.
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What does Ex Works (EXW) mean in trade terms?
Which trade term involves the seller assuming all responsibilities including import duties?
What is trade credit?
In consignment, when does the buyer pay for the goods?
What indicates a trade surplus for a country?
How is a trade deficit characterized?
Where does responsibility lie under Freight On Board (FOB) Destination?
What is the purpose of a Pro Forma Invoice?
What does a trade embargo typically involve?
What is determined by the exchange rate?
What happens in a bonded warehouse?
What is an import duty?
How does direct exporting approach international sales?
What is countertrade?
What is the General Agreement on Tariffs and Trade (GATT) aimed at?
What is the role of the World Trade Organization (WTO)?
What does protectionism involve?
To what does cargo insurance provide protection?
What characterizes an Export Processing Zone (EPZ)?
What is the Harmonized Tariff Schedule (HTS) used for?