In Terms of Using a Third Party in International Trade

question 45

Multiple Choice

In terms of using a third party in international trade, title to the products is given to a bank by the exporter in the form of a document known as a

• A) merchandise bill.
• B) bill of lading.
• C) bill of exchange.
• D) draft.
• E) letter of credit.

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Definitions:

Feel Good

An emotional state or sensation of pleasure, happiness, or contentment.

Exhilaration

Exhilaration is a feeling of excitement, happiness, or elation, often resulting from an engaging or stimulating experience.

Endorphins

Natural pain-relieving chemicals produced by the brain that also promote feelings of pleasure and well-being.

Physically Exhausting

Refers to the state of extreme physical fatigue often resulting from demanding activity or exertion.