The Eximbank Does All of the Following EXCEPT

question 30

Multiple Choice

The Eximbank does all of the following EXCEPT:

• A) guarantees lease transactions.
• B) supplies counseling for exporters in finding financing for U.S. goods.
• C) finances the cost involved in the preparation of feasibility studies for non-U.S. clients
• D) provides letters of credit for U.S. exporters.

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Definitions:

Notes Collected

The process of receiving payment on promissory notes, which are written promises to pay a specific sum of money.

Accounts Payable

Short-term liabilities of a business which are owed to suppliers for goods and services purchased on credit.

Voucher

A document or record that verifies a transaction and authorizes the payment or receipt of funds.

Journal

A record where all financial transactions are initially entered in chronological order.