In ____, a bank arranges to fund a loan to pay the exporter instead of charging the importer's account immediately.
A) refinancing of a sight letter of credit
B) a banker's acceptance
C) a short-term bank loan
D) accounts receivable financing
Correct Answer:
Verified
Q10: Consider an exporter that is willing to
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
Q16: With _, a bank purchases a receivable
Q17: Consider an exporter that sells its accounts
Q18: Which of the following payment terms provides
Q19: Consider an importer that issues a promissory
Q20: A _ provides a summary of freight
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