Once an Exporter Has Shipped a Product Internationally and the Title

question 47

Multiple Choice

Once an exporter has shipped a product internationally and the title has been transferred,the exporter receives what is called a

• A)international invoice.
• B)bill of lading.
• C)letter of confirmation.
• D)letter of credit.

---

Definitions:

Maturation

The process of becoming mature, either physically, emotionally, or in the case of products and ideas, reaching a state of full development.

Yield to Maturity

The total return expected on a bond if it is held until its maturity date.

Bonds

Fixed-income investments where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the money received from the transaction.