International Finance And Treasury - Study Mode

[#281] The exports made by an exporter or manufacturer on behalf of another exporters are called
Correct Answer

(A) Registered Exporter

Explanation

Solution: The exports made by an exporter or manufacturer on behalf of another exporters are called Registered Exporter. It also provides for the certification of origin on preferential origin exports from the EU to Canada and Japan. It allows a registered exporter to certify preferential origin.

[#282] What is the IMF's primary objective?
Correct Answer

(A) The overall promotion of world trade

Explanation

Solution: The IMF's primary objective is the overall promotion of world trade. IMF helps the member countries to achieve the balanced economic growth. It facilitates the expansion of balanced growth by the promotion and maintenance of high level of employment as the primary objective of economic policy. For this purpose, IMF helps to exploit natural resources and to put into productive channel.

[#283] Type of trading member who takes position every day and also liquidate it on same day is classified as
Correct Answer

(A) day traders

Explanation

Solution: Type of trading member who takes position every day and also liquidate it on same day is classified as day traders. A day trader is a trader who executes a large volume of short and long trades to capitalize on intraday market price action.

[#284] Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as
Correct Answer

(A) option

Explanation

Solution: Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as option. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price. Options contracts are often used in securities, commodities, and real estate transactions.

[#285] Type of exchange members who place buying and selling from public are classified as
Correct Answer

(A) floor broker

Explanation

Solution: Type of exchange members who place buying and selling from public are classified as floor broker. A floor broker (FB) is an independent member of an exchange who is authorized to execute trades on the exchange floor on behalf of clients. A floor broker is a middleman who acts as an agent for clients, indirectly giving them the best access possible to the exchange floor.