The Term "Forfaiting

question 13

Multiple Choice

The term "forfaiting":

• A) means relinquishing, waiving, yielding, and penalty.
• B) is a type of long-term trade financing used to finance the purchase of capital goods.
• C) involves the sale of promissory notes signed by the exporter in favor of the importer, who might sell the notes at a discount from face value.
• D) is a type of medium-term trade financing used to finance the sale of capital goods.

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Definitions:

Hamstring Group

A group of three muscles located at the back of the thigh, responsible for bending the knee and extending the hip.

Biceps Femoris

A muscle of the posterior thigh that flexes the knee and extends the hip, part of the hamstring group.

Semimembranosus

A large muscle in the back of the thigh that is part of the hamstrings group and helps in thigh extension and knee flexion.

Extensor Digitorum Longus

A muscle in the lower leg that helps to extend the toes and dorsiflex the foot, aiding in walking and running.