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
Q1: Which of the following is not a
Q2: A bill of exchange requesting the bank
Q3: A bill of exchange requesting the bank
Q4: Consider a bank that acknowledges that it
Q5: With _, the exporter ships the goods
Q7: Who bears the payment risk in a
Q8: Countertrade represents foreign trade:
A) restrictions imposed by
Q9: The _ was established in 1934 with
Q10: Consider an exporter that is willing to
Q11: MNCs can use _ to sell their
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