Which of the following is a reason why commercial banks can facilitate international trade?
A) The exporter may not wish to accept credit risk of the importer.
B) The government may impose exchange contracts that prevent payment by the importer to the exporter.
C) The exporter may need financing until payment for the goods is received.
D) All of the above
Correct Answer:
Verified
Q2: Consider a bank that acknowledges that it
Q3: Consider an exporter that sells its accounts
Q4: A bill of exchange requesting the bank
Q5: The all-in-rate a bank charges its customer(s)
Q9: A _ provides a summary of freight
Q10: Which of the following payment terms provides
Q11: In _, a bank arranges to fund
Q12: With _, the exporter ships the goods
Q22: According to the text, international trade activity
Q53: The _ was established in 1934 with
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