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Approximately 45 Percent of Export-Import Bank Transactions Impact Small Businesses

question 40

True/False

Approximately 45 percent of Export-Import Bank transactions impact small businesses.


Definitions:

Export Broker

A person or company that acts as an intermediary, arranging for goods to be sold and shipped to overseas buyers.

Prohibited Components

Items or substances that are not allowed to be used in the manufacture or assembly of a product due to legal, safety, or health reasons.

Ratify

To confirm by expressing consent, approval, or formal sanction.

Contract

A legally binding agreement between two or more parties outlining specific obligations and rights, which, if broken, can result in legal consequences.

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