The term "forfaiting"
A) means relinquishing, waiving, yielding, and penalty
B) is a type of medium-term trade financing used to finance the sale of capital goods
C) involves the sale of promissory notes signed by the importer in favor of the exporter, who might sell the notes at a discount from face value
D) b and c
Correct Answer:
Verified
Q6: The term "countertrade" refers to:
A) many different
Q11: Which forms of countertrade do not involve
Q12: The three basic documents needed in a
Q13: A banker's acceptance is
A)A guarantee from the
Q14: If the value at maturity is $2,860,000
Q14: A form of barter in which the
Q15: A time draft is
A)A guarantee from the
Q16: The _ sends a purchase order to
Q20: International trade is more difficult and risky
Q25: The time from acceptance to maturity on
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