Which of the Following Is a Reason Why Commercial Banks

question 68

Multiple Choice

Which of the following is a reason why commercial banks can facilitate international trade?

• A) The exporter may not wish to accept credit risk of the importer.
• B) The government may impose exchange contracts that prevent payment by the importer to the exporter.
• C) The exporter may need financing until payment for the goods is received.
• D) All of the above

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Definitions:

National TV

Broadcast or cable television networks that provide programming across a country, reaching a wide and diverse audience.

General Ledger

A comprehensive record of all financial transactions over the life of an organization, serving as the primary source for preparing financial statements.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Conversion Costs

The costs required to convert raw materials into finished products, which include labor costs and manufacturing overhead.