8. Agents can bind a principal only if

A.The principal contractually agree with the agent to be bound by the actions of the agent.

B.The principal, through the agent, sub-contracts with another distributor to be bound by the actions of the distributor.

C.The distributor in agreement with the principal can make it legally binding for the agent to act on behalf of the principal.

D.Both the agent and the distributor can mutually agree to have their actions take the

9. All good entering Grenada must go through customs clearance through AYSYCUDA

A.With the use of the DTI method.

B.With the use of both the DTI method and the SAD

C.With the exception of passenger baggage and small postal parcels

10. Under the CSME, nationals of Member States can travel to any other Member State

A.Without the need to use passport

B.To immediately take up employment in that other Member State.

C.And is entitled to unconditional entry.

D.Having satisfied the relevant provisions of the Caribbean Community National Skills Act to seek and accept employment in another Member State.

11. According to the provisions of the CFSA

A.Each developed Member State is required to establish a credit bureau.

B.Each developed Member State and the LDCs as a block are to develop a credit bureau.

C.Each Member State should establish its own credit bureau

D.No credit bureau should be established as the commercial banks already provide that service.

12. The SDR was created to

A.Increase liquidity in the international financial system

B.Assist countries following a natural disaster.

C.Prevent the US dollar from being devalued so that there could be global financial stability

D.Prevent countries from constantly devaluing their currencies to gain competitive advantage in international trade.

13 CARICOM Member State can be granted permission to ignore some of its Treaty obligations

A.If the Member State is an LDC

B.If it imports of a good is more than twenty percent of its entire import.

C.If allowed to do so by COTED and its nationals will not be accorded community treatment.

D.Only If the MDC Member Sates agree to the waiver.

15. Short term capital flows get recorded in

A.The services balance of the BOP

B.The current account of the BOP

C.The reserve account of the BOP

D.The capital account of the BOP

16. David Bain vs The Republic of Trinidad and Tobago

A.Potentially raises the legal issue of whether or not a CARICOM national could hold dual citizenship

B.Raises the legal issue of whether or not a CARICOM national, on declaring citizenship of a country other than a CARICOM Member State waives his/her right to be accorded preferential treatment under the R.T.C

C.Raises the legal issue of whether or not a CARICOM national could use could also be a citizen of the USA

D.Raises the legal issue of whether or not David Bain was a legitimate citizen of the

17. The most common form in which a country holds reserves is in

A.United States dollars.

B.Short term government liquid papers

C.SDRs.

D.Euros.

E.Pound sterling.