CSEC Principles of Business · May/June 2011 · Paper 2 · Question 5(a)(ii)
Explain how EACH of the TWO credit methods identified in (a)(i) works.
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Practise this questionOther parts of this question
- 5(a)(i)Identify TWO types of credit methods provided by commercial banks.[2 marks]
- 5(b)State TWO reasons why business documents are important in international trade.[2 marks]
- 5(c)Distinguish between the terms 'credit note' and 'debit note'.[4 marks]
- 5(d)Discuss TWO reasons why a supplier may use a 'pro forma invoice'.[6 marks]
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