International Financial Management Study Set 1
Quiz 19: Financing International Trade
14)in ____, a Bank Arranges to Fund a Loan to Pay
14)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
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15)A bill of exchange requesting the bank to pay the face amount upon presentation of documents is a: A) banker's acceptance. B) time draft. C) letter of credit. D) sight draft.
16)A bill of exchange requesting the bank to pay the face amount at a future date is a: A) banker's acceptance. B) time draft. C) letter of credit. D) sight draft.
17)An exchange of goods between two parties under two distinct contracts expressed in monetary terms is: A) compensation. B) counterpurchase. C) factoring. D) accounts receivable financing.
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