Here are the answers to the questions: 36. A market for hiring ships and aircraft is called: A. Baltic exchange* 37. A typical example of a one stop shop is: D. Hyper market* 38. A bill of lading with a remark of damage good attached to it is called: A. Foul bill* 39. The insurance principle that requires faith and trust from both the insurer and the insured D. Uberrimae fides* 40. The rule of surrender value does not apply to which of the following principle D. Motor insurance* 41. The act of insurers sharing premium and responsibility to jointly indemnify an insured is C. Re-insurance* 42. The purpose of re-insurance is C. Permit small insurer accept large risk* 43. Regular payments on regular interval can be authorised using B. Standing orders* 44. In a hire purchase contract, the hirer has the right to refund the assets only after A. 1/3 payment* 45. A common fee paid by franchisees to franchisors is called: C. Royalty fee* 46. _________ is an example of trade credit. C. Hire purchase* 47. One method banks act as agent of payment is... A. Cheques* 48. A commercial document usually issued when the seller is dealing with the buyer for the first time is: B. Proforma invoice* 49. A financial document usually printed in red is: B. Credit note* 50. Determine the terms of trade for country X given the following figures Export prices = 110MFCFA Import prices = 95MFCFA The term of trade is Step 1: Recall the formula for Terms of Trade (TOT). $$ \text{TOT} = \left( \frac{\text{Export Prices}}{\text{Import Prices}} \right) \times 100 $$ Step 2: Substitute the given values into the formula. $$ \text{TOT} = \left( \frac{110}{95} \right) \times 100 $$ Step 3: Calculate the value. $$ \text{TOT} = 1.15789... \times 100 $$ $$ \text{TOT} = 115.789...\% $$ Step 4: Round to two decimal places. $$ \text{TOT} \approx 115.79\% $$ The closest option is C. C. $\boxed{\text{115.78%}}$