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

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Definitions:

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