Export/import Financing in Which an Exporter Ships Merchandise and Later

question 44

Multiple Choice

Export/import financing in which an exporter ships merchandise and later bills the importer for its value is called ________.

• A) advance payment
• B) open account
• C) a letter of credit
• D) documentary collection

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Definitions:

Advertising Data

Information collected about the performance, reach, and impact of advertising campaigns.

Least Squares Estimate

A mathematical method used to determine the best-fitting line or curve to a set of data points by minimizing the sum of the squares of the differences between the observed values and the values provided by the model.

Intercept

In regression analysis, the point where the line of best fit intersects the y-axis, indicating the expected value of the dependent variable when all independent variables are zero.

Dependent Variable

In an experiment or model, it is the variable being tested and measured, which is expected to change as a result of manipulations of the independent variable(s).