Multinational Business Finance Study Set 4
Quiz 16: International Trade Finance
Recourse Means That the Factor Assumes the Credit, Political, and Foreign
Recourse means that the factor assumes the credit, political, and foreign exchange risk for the receivables it purchases.
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The firm selling the recourse receivables avoids the cost of determining the creditworthiness of its customers.
What is a banker's acceptance? How are they initiated? Why are they desirable for the exporter?
________ is a specialized technique to eliminate the risk of nonpayment by importers in instances where the importing firm and/or its government is perceived by the exporter to be too risky for open account credit. A) Forfeiting B) Marketable Bank Shares C) Forfaiting D) Banker's Acceptances
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