When importers and exporters do not trust one another and want to ensure that the importer receives the promised merchandise and the exporter gets paid,the go-between representative they employ is (are)
A) the local domestic banks involved in international business.
B) sales agents.
C) international trade organizations.
D) the World Bank

Question

When importers and exporters do not trust one another and want to ensure that the importer receives the promised merchandise and the exporter gets paid,the go-between representative they employ is (are)
A) ​the local domestic banks involved in international business.
B) ​sales agents.
C) ​international trade organizations.
D) ​the World Bank

Quizplus · Accepted Answer

Local domestic banks involved in international business often provide services such as letters of credit, which ensure that the exporter gets paid and the importer receives the promised merchandise, acting as a trusted intermediary.

When Importers and Exporters Do Not Trust One Another and Want