The shipment of goods or rendering of services to a foreign buyer located in a foreign country is:
A) importing.
B) exporting.
C) foreign exchange.
D) A and B.

Question

Quizplus · Accepted Answer

Exporting refers to the shipment of goods or provision of services to a foreign buyer located in a foreign country. Importing, on the other hand, refers to the act of bringing goods or services into one's own country from a foreign country. Foreign exchange refers to the exchange of one currency for another currency, and is not directly related to the shipment of goods or provision of services.

The Shipment of Goods or Rendering of Services to a Foreign