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WAEC Commerce 2022 Question 21

Question 21

Foreign Trade Documents

A document that instructs an agent to buy goods from a named firm is

  1. A.proforma invoice
  2. B.open indent
  3. C.consular invoice
  4. D.closed indent
Show the answer and explanation

Answer: D (closed indent)

Explanation

A closed indent names the firm the agent must buy from; an open indent leaves the choice to the agent.