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WAEC Commerce 1996 Question 16

Question 16

Foreign Trade Documents

Which of the following is applicable to foreign trade only?

  1. A.Pro forma invoice
  2. B.Insurance policy
  3. C.Order
  4. D.Bill of exchange
  5. E.Consular invoice
Show the answer and explanation

Answer: E (Consular invoice)

Explanation

A consular invoice is certified by the importing country's consul and is used only in foreign trade.