How theletter of creditworks in import and export?

a.Both the exporter and importer substituted the letter of credit for a barterTrade economy

b.The credit payment capacity of the exporter is an alternative to the creditcapacity issued to the borrowing importer

c.The credit payment capacity of the importer is substituted by the creditcapacity of the issuing bank on behalf of the beneficiary exporter

The credit payment capacity of the exporter and importer are collected by the government

What is introduced when nation-states in a custom union of the process of economic integration imposeuniformed tariff against outsider nation-states?

a.Protectionist national economy

b.Common External Tariff

c.Subsistence economy

d.Mixed market socialism economy

The force guiding the operations andcoordination of the market demand, supply and equilibrium price into self-regulating.

a.Centrally Planned Economy

b.Communism

c.Invisible hand

d.Collectivisation of productions

Communism was the main challengerto the global free market economy structure advocated by the United States of America and its western allies like Canada and Europe that happened in the period of 1947 to 1991 known as

a.Decolonization war

b.Cold War

c.Nationalistic war

d.Colonial war

Thefree market economyin comparison with communism and Islam in the globalization processes is characterized for economic activities like

a.Private profit and property, technological efficiency, market competition and entrepreneurial innovations

b.Religious fanatical influence over the management of natural resources and production of goods and services to satisfy human needs and wants

c.Collectivization, command, planned and socialist economies

d.Subsistence economies, foraging, barter and animal husbandry

Financial intermediations are financial institutions that serve asmiddlemen among the surplus sector of lender-saversand deficit sector of spender-borrower. Which of the following are examples of financial intermediation?

a.Commercial banks and Insurance Companies

b.Money market and capital market

c.Corporate stocks and bond markets

d.Treasury Bonds and Treasury Bills

Indigenous cultures are struggling to maintain andnot lose their cultural identitieswith the emergence of supra-culture like westernization in the global market. Which form of globalization, this may be categorized?

a.Financial globalization

b.Cultural globalization

c.Political globalization

d.Economic globalization

Whatforce or factor that brings and bindscountries, cultures, peoples and individuals into togetherness and interconnected economies?

a.Barter

b.Religious wars

c.Subsistence

d.Market

Stock markets, banking business, mutual funds and corporate bonds market are to whichform of globalization?

a.Sociological Technological

b.Cultural Globalization

c.Financial Globalization

d.Political Globalization

A collection of financial assetsinvested by an individual or business for interest rate or dividend yielding money placement such corporate shares, corporate bonds, commercial papers, treasury bills, treasury bonds and mutual funds.

a.Management of account receivables

b.Inventory Management

c.Financial liabilities

d.Portfolio Management

A financial intermediation thatprofessionally managed the investment fundthat pools money from many investors to purchased securities or financial instruments like shares of stocks and corporate bonds for gainful interest rates and dividend yield.

a.Non-Life Insurance

b.Mutual Funds

c.Pension/Retirement plans

d.Life Insurance

To create healthy and sustainable single market among the members of the European Union, in 1999 the European Union enactedsingle currency.

a.British Pound

b.Communaut Financire Africaine CFA Franc

c.Argentinian and Brazilian Gaucho

d.Eurozone Union

Thefour freedoms of the European Union; the freedom of goods, services, people, capital and technology as the most important in the third step of regional economic integration referred

a.Common Market

b.Common Agricultural Policy

c.Political Union

d.Common Visa Policy

An economic system in which the decisions and freedom on the allocations of the use of natural resources and production of goods and services areshared and managed jointly between the private sector and the government sectorinstead of the communist economy of 100% government decision.

a.Liberal Market Economy

b.Centrally Planned Economy

c.Mixed Economy

d.Capitalism