Why is Eximbank financing often referred to as financing of "last resort?"
A) it will not provide financing unless the U.S. exporter is doing business in more than one country
B) it will not provide financing unless private capital is unavailable
C) fees are extremely high for guarantees and insurance
D) the Eximbank authorizes loans for only the worst credit risks

Question

Quizplus · Accepted Answer

Eximbank financing is often referred to as financing of "last resort" because it is only provided when private capital is unavailable or reluctant to provide financing. As a government agency, Eximbank typically offers financing that is riskier than what the private sector would be willing to provide.

Why Is Eximbank Financing Often Referred to as Financing of "Last