LIBF Level 3 Certificate in International Trade and

Finance (CITF)

Specimen paper: A

Answer document

This document has been designed to provide learners with the answers to specimen exam
questions. it shows the question number and the correct answer (A-D).

The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.

The International Chamber of Commerce (ICC) is the largest, most representative business organization in the world.

This qualification is accredited by the regulatory authorities for England, Wales and Northern Ireland and is incorporated into
the Regulated Qualifications Framework (RQF) at Level 3.
 CITF - The International Trade and Finance Environment Specimen Paper A answers

Answers

Question Answer
Number
1 B
2 B
3 A
4 A
5 D
6 A
7 A
8 C
9 A
10 B
11 C
12 A
13 D
14 D
15 A
16 A
17 C
18 C
19 B
20 B
21 C
22 B
23 D
24 A
25 B
26 D
27 A
28 C
29 C
30 C
31 D
32 B
33 D
34 A
35 D
36 D

Page 2 of 4 SpecimenA/ITFE
 CITF - The International Trade and Finance Environment Specimen Paper A answers

37 D
38 D
39 D
40 A
41 C
42 C
43 D
44 A
45 B
46 C
47 D
48 C
49 D
50 A
51 A
52 D
53 C
54 D
55 C
56 B
57 D
58 B
59 B
60 C
61 C
62 C
63 D
64 C
65 B
66 A
67 D
68 D
69 C
70 D
71 A
72 D
73 A
74 C
75 C

Page 3 of 4 SpecimenA/ITFE
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 CITF - The International Trade and Finance Environment Specimen Paper A answers

76 D
77 A
78 C
79 D
80 D

Case Study 1

81 D
82 A
83 C
84 D
85 B

Case Study 2

86 A
87 C
88 A
89 B
90 B

Case Study 3

91 D
92 C
93 A
94 D
95 B

Case Study 4

96 A
97 A
98 A
99 D
100 B

Page 4 of 4 SpecimenA/ITFE