Which of the Following Statements Is True of EMCs

question 22

Multiple Choice

Which of the following statements is true of EMCs?

• A) An EMC is a transportation company that engages in international business.
• B) EMCs are export-import banks that manage foreign exchanges.
• C) EMCs are export specialists that act on behalf of their client firms.
• D) An EMC is an intermediary that facilitates talks between two nations.

---

Definitions:

Cash Balance

The amount of cash held by an entity at any given time, visible on financial statements.

Cash Receipts

The money received by a business during a given period, including revenues from sales, services, and other receipts.