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16.You are selling your car for USD2000.00 to a person you do not know. Which is the most insecure instrument of payment?( )
A.Bank draft
B.Credit card
C.Personal cheque
D.Traveller’s cheque
17.According to INCOTERMS 2000, when the seller only makes the goods available to the buyer at the seller’s premises, the corresponding trade term is( ).
A.DDP
B.EXW
C.FOB
D.DDU
18.A quota is a numerical limit placed on a specific kind of goods that a country will permit to be imported without restriction during a specified period. If the quota is absolute, once the specified amount has been imported,( ).
A.absolute tariffs are imposed on further importation of the product
B.no additional tariffs are imposed on further importation of the product
C.additional tariffs are imposed on further importation of the product
D.further importation of the product is prohibited for the rest of the period
19.Countries usually impose restrictions on free foreign trade to protect( ).
A.foreign producers
B.foreign consumers
C.domestic producers
D.domestic consumers
20.When a trader buys goods on credit he does not have to( ).
A.pay for them immediately
B.pay for them until the end of the month
C.pay for them
D.pay for them until he receives the goods
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