Between 1965 and 2005 Exports (In Terms of Value)of Which

question 91

Multiple Choice

Between 1965 and 2005 exports (in terms of value) of which commodity has grown the most?

• A) food, beverages & tobacco
• B) chemicals
• C) crude materials
• D) mineral fuels
• E) machines and transport equipment

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Definitions:

Check Collection

The process by which banks handle the clearing of checks, ensuring the transfer of funds from the check writer's account to the recipient's account.

Banking System

The network of institutions, laws, regulations, and practices that deliver financial services including deposit, loan, and payment services.

Drawer

The party that writes and signs a cheque, instructing a bank to pay a specific amount of money to the bearer or a named party.

Drawee Bank

The financial institution upon which a check is drawn and is responsible for paying the amount indicated when properly presented.