International Financial Management Study Set 1
Quiz 19: Financing International Trade
47.In an open account transaction, the exporter ships the goods to the importer but retains title to the goods until they have been sold.
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48.When using factoring to finance international trade, a bank will provide a loan to the exporter secured by an assignment of the account receivable.
49.From a bank's viewpoint, issuing a letter of credit is analogous to making a loan as far as risk is concerned.
50.There is an active secondary market for banker's acceptances.
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