The Eximbank does all of the following EXCEPT:

Question

Quizplus · Accepted Answer

The Export-Import Bank of the United States (Eximbank) does not provide letters of credit for U.S. exporters. Letters of credit are typically issued by commercial banks to guarantee that a buyer's payment to a seller will be received on time and for the correct amount. Eximbank's primary functions include financing exports of U.S. goods and services, providing guarantees and insurance for transactions, and offering counseling to exporters, but it does not issue letters of credit.

The Eximbank Does All of the Following EXCEPT