What Is the Advantage of Export Credit Insurance

question 134

Multiple Choice

What is the advantage of export credit insurance?

• A)A third party will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.
• B)It will cover losses due to the buyer's insolvency or payment default.
• C)It will put the importer in a strong bargaining position.
• D)It will provide financing aid that will facilitate exports.

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Definitions:

Existing Scheme

Cognitive structures or patterns of thought and understanding that individuals use to organize and interpret experience.

Accommodation

In psychology, a process of cognitive development where existing mental schemas are modified to incorporate new experiences.

Substages

Divisions or phases that are part of a broader developmental stage, marking specific milestones or characteristics.

Sensorimotor Development

The stage in infant development spanning from birth to about two years of age, where children experience the world through their senses and actions (movements).