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Commerce Paper 2, May/June 2008  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies



















Question 5

(a) Explain the following:

(I) counter trade;
(II) entreport trade;
(III) import trade;
(IV) invisible trade

(b) State four burners to International trade.

_____________________________________________________________________________________________________

observation

The candidates performance in this question was not impressive. They could not give clear explanations of the terms as use in International trade. The explanation expected include:

(I) Entreport Trade:
This is a system of trade where goods imported into a country are re-export while the goods are still in the same form as they were received.

(II) Invisible Trade
This is a type of International trade involving intangible products such as services or Banking, shipping services colu requires payment of money.

(III) Counter Trade: This is a system of International trade where countries instead of paying cash for the goods they purchase from other Countries will pay.

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