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:

Pathogenic

Pertaining to an organism or substance that causes disease.

Vibrio Cholerae

The bacterium that causes cholera, a severe diarrheal illness, through the production of a toxin that affects the absorption of water in the small intestine.

Lactobacillus

A genus of bacteria that is part of the lactic acid bacteria group, often found in yogurt and other fermented foods, beneficial for gut health.

Ferment Sugars

The biochemical process by which organisms convert sugars into alcohol or acid through anaerobic metabolism, often used in food production.