Trade and aids to trade

The buying and selling of goods and services is called:

• 1 Insurance
• 2 Production
• 3 Banking
• 4 Trade

Trade between two countries is called:

• 1 Wholesale trade
• 2 Home trade
• 3 Foreign trade
• 4 Retail trade

Buying goods from another country is called:

• 1 Import
• 2 Wholesale
• 3 Export
• 4 Retail

Importing goods in order to export them again is:

• 1 Home trade
• 2 Retail trade
• 3 Barter
• 4 Entrepot trade

A trader who sells goods in small quantities to consumers is a:

• 1 Importer
• 2 Wholesaler
• 3 Retailer
• 4 Producer

Banking removes the difficulty of:

• 1 Risk
• 2 Payment
• 3 Distance
• 4 Storage

Transport removes the difficulty of:

• 1 Knowledge
• 2 Time
• 3 Distance
• 4 Risk

Insurance removes the difficulty of:

• 1 Payment
• 2 Distance
• 3 Risk
• 4 Knowledge

Warehousing removes the difficulty of:

• 1 Payment
• 2 Risk
• 3 Time
• 4 Distance

Advertising removes the difficulty of:

• 1 Knowledge
• 2 Payment
• 3 Risk
• 4 Distance

Which of these is an aid to trade?

• 1 Banking
• 2 Mining
• 3 Farming
• 4 Weaving

A trader who buys in bulk and sells to retailers is a:

• 1 Wholesaler
• 2 Consumer
• 3 Producer
• 4 Importer only