Repayment of medium- and long-term loans that U.S. commercial banks make to foreign borrowers for purchasing U.S. exports is guaranteed by the
A) Federal Deposit Insurance Corporation.
B) Central Bank.
C) World Bank.
D) Ex-Im Bank.
E) Export Credit Insurance Association.

Question

Quizplus · Accepted Answer

The Ex-Im Bank (Export-Import Bank of the United States) provides guarantees and insurance to U.S. commercial banks to cover the repayment of loans made to foreign borrowers for purchasing U.S. exports.

Repayment of Medium- and Long-Term Loans That U