An Export Credit Insurance Is Necessary When the Exporter

question 117

Multiple Choice

An export credit insurance is necessary when the exporter

• A)is exposed to the risk that the importer may default on payment.
• B)is dealing in a country that has a nonconvertible currency.
• C)is unable to obtain any pre-export financing.
• D)has received a letter of credit from the importer's bank.
• E)has to enter a barterlike agreement.

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Definitions:

Formal

Pertaining to actions, processes, documents, or situations that are official, structured, and governed by established rules or protocols.

Sociological Theories

Conceptual frameworks that seek to explain patterns of social behavior and the structure of society, understanding the dynamics of social relations, institutions, and groups.

Pathologized Women

Refers to the process by which women’s natural body processes or behaviors are viewed as abnormal or diseased within a medical or societal context.

Usage of Trade

Usage of trade refers to the regular practices and methods that are commonly accepted and expected by parties in a particular industry.