Mechanisms for Financing Exports and Imports Have Evolved Over the Centuries

question 22

Multiple Choice

Mechanisms for financing exports and imports have evolved over the centuries in response to a problem that can be particularly acute in international trade: ________________.

• A) the letter of credit
• B) the lack of trust
• C) government regulations
• D) undeveloped international political system
• E) currency exchange rate differences

---

Definitions:

Servings

Quantified amounts of food or drink, as recommended by nutrition guidelines or determined by individual packaging.

Mixed Numbers

A number consisting of an integer and a fraction part, such as 3 1/2.

Improper Fractions

Fractions where the numerator (top number) is larger than or equal to the denominator (bottom number), meaning the fraction is equal to or greater than 1.

Lowest Terms

An expression of a fraction after reducing it to its simplest form by ensuring the numerator and denominator have no common factors other than 1.