The three basic documents needed in a foreign trade transaction are
A) letter of credit,time draft,and proof of inspection.
B) letter of credit,time draft,and a bill of lading.
C) letter of credit,bill of lading,and insurance.
D) time draft,bill of lading,and a pro forma statement.
Correct Answer:
Verified
Q7: Countertrade transactions are
A)becoming obsolete as a means
Q8: A typical foreign trade transaction requires three
Q9: A banker's acceptance is created when
A)a document
Q10: In a consignment sale
A)the importer only pays
Q11: Forfaiting,in which a bank purchases at a
Q13: There are several types of countertrade transactions
A)none
Q14: International trade is more difficult and risky
Q15: A time draft can become a negotiable
Q16: The _ sends a purchase order to
Q17: Conducting international trade transactions is difficult in
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