INTERNATIONAL TRADE AND MARKETS ASSIGNMENT/CAT

INSTRUCTIONS: Answer all questions in handwritten format and in your own words. Due
date -Tuesday 12th, July, 2022.

PART A
1. Explain five functions of foreign exchange market (10 marks)
2. Explain three main reasons for not so remarkable improvement in growth due to trade in
LDCs. (10 marks)
3. WCO is organization whose mission is to improve the administration of customs. Discuss
any four functions of WCO. (10 marks)

PART B

1. Using examples, describe each of the following forms of commodity agreements:

i) Quota Agreements

ii) Buffer stock agreements

iii) Bilateral contracts. (10 marks)

2. Identify benefits achieved when companies enter into a foreign market.

(10
marks)

3. Discuss three forms of multi-national (MNC) that exists with relevant examples in
Kenya. (10 marks)