Consider an exporter that is willing to send goods to the importer without a guaranteed payment by the bank. The bank provides a loan to the exporter that is backed by the value of the exported goods. This reflects:
A) accounts receivable financing.
B) forfaiting.
C) factoring.
D) a letter of credit.
Correct Answer:
Verified
Q5: With _, the exporter ships the goods
Q6: Which of the following is a reason
Q7: Who bears the payment risk in a
Q8: Countertrade represents foreign trade:
A) restrictions imposed by
Q9: The _ was established in 1934 with
Q11: MNCs can use _ to sell their
Q12: The all-in-rate a bank charges its customer(s)
Q13: An exchange of goods between two parties
Q14: According to the text, international trade activity
Q15: In _, a bank arranges to fund
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