A typical international trade transaction involves ____________ steps,with the first step being ____________.
A) 12; an importer placing an order with an exporter asking if the importer would be willing to ship under a letter of credit
B) 12; an importer placing an order with an exporter asking if the exporter would be willing to ship under a letter of credit
C) 14; an exporter placing an order with an importer asking if the exporter would be willing to ship under a letter of credit
D) 14; an exporter placing an order with an importer asking if the importer would be willing to ship under a letter of credit
E) 14; an importer placing an order with an exporter asking if the exporter would be willing to ship under a letter of credit
Correct Answer:
Verified
Q43: The person or business initiating the draft
Q44: When a firm agrees to purchase a
Q45: As a _,a bill of lading specifies
Q46: For the service of providing letter of
Q47: The letter of credit is issued by
Q49: A _'s principle is to trade goods
Q50: Time drafts:
A) have no value given the
Q51: When a specialized third-party trading house is
Q52: Which of these is payable on presentation
Q53: Issued by a bank at the request
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents