Unity Bank Pre-course Assesment

Welcome to your Unity Bank Pre-course Assesment

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1. Which of the following statements best describes International trade?
2. Which of the following is not a feature of International Trade:
3. Which of the following is not a valid mode of payment in International trade?
4. Which of the statement below best describes a Letter of credit?
5. When a confirmed Irrevocable Letter of credit is issued to a foreign beneficiary, the obligation to pay lies with the Issuing bank.
6. A confirmed irrevocable letter of credit payable at Sight must be paid:
7. Under a Documentary Collection transaction, who has the obligation for payment to the beneficiary?
8. Which of the following is not a financial document in international Trade?
9. Which of the following is/are a risk associated with a Letter of credit?
10. Which type of Bills for Collection transaction is allowable under the Nigerian Trade regulation?

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