O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2023 · Q151 Mark

Why do customs authorities keep statistical records?

Ato calculate the Balance of Trade

Bto calculate the exchange rate

Cto compare exports with imports

Dto enable duties to be collected

✓ Correct answer

A: to calculate the Balance of Trade

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2023 Paper 1 Variant 1, question 15.

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