International agricultural trade UE Past Papers Questions.
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(3166) Question Category: Long answers Write short but elaborative notes on the following terms
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(3167) Question Category: Short answers Answer the following questions Based on your knowledge of International transactions
There are aometimes when a transaction has to involve more than two countries . For example , a supplier in France may wish to be paid by the importer, who is located in another country, say Tanzania, in US dollar the currency involved is not of the supplier`s own country. In such circumstances the transfer must take place in a country that uses US $ (i.e United States of America). The payment may be made in one of the three ways; Mail Transfer(MT), telegraphic transfer (TT) or Bank draft. In transfer of MT and TT the procedurre is for the Tanzania bank to instruct its US correspondent bank to make a payment to the French beneficially, by debiting the Tanzania banks US$ account (if he has one) or instruct their French correspondent bank to make a payment to him of the Euro equivalent, by the French banks US$ nostro account.
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(3168) Question Category: Long answers
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(3170) Question Category: Short answers Answer the following question based on seminars on international trade.
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