Means of payment

10 important questions on Means of payment

How can you eliminate financial risk related to currency

Negotiate prices in your own currency

What involves the means of payment collection?

International finance, finance is needed to close the operation.

What are the consequences of the trade commerce policy

- Tariff (is set, we know) and the way you do transport do not affect during your trade
- Policy can change; liberalization

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What is the relation between council, parliament etc

Council is the senate (decide)
Voting European parliament (heads of state)
European commission = Government
Voting European council -> obama etc
the possible future; small UN, three or four policys
market trade taxatons

What is the difference between free-trade area and customs union?

Table guest college IEC

Free-trade area; sovereinity kept integrate, keep their sovereinity (NAFTA)
UK is a customs union; integrate economies no barriers + protect with one barrier

Trade commerce policy/commercial policy

Any (measure) that could affect the trade/ or flow of goods/services, anything that affects trade. 

What involves the single monetary policy?

- Competition prohibiting
- Agreements between firms (exist)
- Exclusive distribution is forbidden. Distribution policy.Fair share to consumer



Why use fiscal devaluation?

- More competitiveness

Which cases are not trade policy?

- Which could affect;
Not: 
- affects consumption
- trade war, when everybody does it
- VIT, fraud (don''t pay)

Difference between social services and VAT

Vat-> no costs, social services are costs

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