Which circumstance would a cross-boarder trader use a bonded warehouse?

Question 37:
Claypots are traditionally used for storing items that need to be kept cool and dry, such as grains. Gold is typically stored in secure vaults, and milk and meat are perishable and require refrigeration.

The correct option is B.

• B) grain

Question 38:
A bonded warehouse allows imported goods to be stored without immediate payment of customs duties. This is particularly useful when a trader needs time to gather funds for the duty or when they want to defer payment until the goods are sold or processed.

The correct option is C.

• C) When a trader is looking for funds to pay customs duty