A Trust Receipt as Used in Financing International Transactions

question 63

Multiple Choice

A trust receipt as used in financing international transactions

• A) is issued by bonded warehouses for merchandise stored therein.
• B) allows the release of merchandise on a consignment basis by the bank that issued the letter of credit.
• C) is evidence of ownership of funds held in escrow by the importer's bank.
• D) is a negotiable instrument that trades freely in the money market.

---

Definitions:

Disrupted Habits

Disrupted Habits describe patterns of behavior that have been interrupted or changed, often due to external factors or interventions.

Fast Rate

A rapid pace or speed of change, development, or movement.

Bottom-Up Change

An approach to organizational change that initiates from the lower levels of the organization and involves engaging employees in the change process.

Top-Down Change

Organizational transformation initiatives that are initiated by high-level executives and then disseminated down through the ranks of the company.