Freight Forwarding W1 day 1 Multiple choice

The sale of goods and services across international borders is referred to as:

 

• Domestic Trade

• Free Trade

• International Trade

• Euro-trade

The international organization responsible for enforcing international trade agreements and for ensuring that countries deal fairly with one another is called the:

 

• New World Order

• World Trade Organization

• World Transportation Organization

• World Trade Origins

  A 1944 conference at which many of the international institutions were created was at:

 

• Bretton-Woods

• Britton Beach

• Birmingham Woods

• Belleau Woods

• None of the above

The international organization created in 1945 to oversee exchange rates and develop an international system of payment is called the:

• International Monument Fund

• International Monetary Fund

• International Month Fund

• International Mutual Fund

   An agreement between countries to lower tariffs and trade barriers is the:

• General Advancement of Tariff and Trade

• General Agreement on Terminals and Transportation

• General Agreement on Tariffs and Trade

• General Arrangement on Tariffs and Trade

A tax collected by an importing country on the value of the imported goods is called a:

 

• Tariff

• Duty

• Tax

• All of the above

A 1992 treaty between the European Union countries, which a number of standards were adopted including a standard of currency was the:

 

• Mastiff Treaty

• Manchester Treaty

•  Maastricht Treaty

• Monaco Treaty

• None of the above

The common currency of 17 of the 27 countries of the European Union is called the:

 

• Special Drawing Rights Currency

• Circulated Currency

•   Europa

• Euro

A situation where the total exports of a country are worth less than its total imports is called a:

 

• Trade Surplus

• Trade Deficit

• Trade Group

• Trade Lanes

GDP means:

• Trade Value of Goods

• Value Domestic Production

• Gross Domestic Product

• Cost Driven Market

• None of the above