IBT Quiz1 MT -SBENT 3F

International trade and business means

• refers in providing a variety of methods for fund  transfers between buyers and sellers

• refers where a country spends more on aggregate  imports from abroad than it earns from  its aggregate export

• refers to exchanging different transactions across borders

• all of the above

Ca take place with economy between the consumers and buyers

• balance of trade

• money

• trade

• borders

Included as gifts in the ancient times

• Caravan

• Spices

• money

• voyages

one third of the captives perished on this journey

• Silk route

• Trade over long distance

• MIddle passage

• Caravan

it helped to generate trade and commerce between many different kingdoms and empires.

• Silk Route

• Trade over long distance

• MIddle Passage

• Caravan

It supplied the New World with its major workforce and brought enormous profits to international slave traders

• Silk Route

• Trade over long distance

• MIddle Passage

• Caravan

 transportation used in ancient times with a group people travelling together

• Silk Route

• Trade over long distance

• Middle passaGe

• Caravan

that funds received by sellers as payment for goods or services can be used to make purchases of  equivalent value in the future.

• Caravan

• Spices

• Money

• Voyages

It represents an outflow of domestic currency to foreign markets

• Balance of Trade

• Trade over long distance

• Triangular trade

• Globalization

 It increased interconnectedness and interdependence of peoples and countries

• Balance of Trad

• Trade over long distance

• Triangular trade

• Globalization