Consider an Exporter That Is Willing to Send Goods to the Importer

question 39

Multiple Choice

Consider an exporter that is willing to send goods to the importer without a guaranteed payment by the bank. The bank provides a loan to the exporter that is backed by the value of the exported goods. This reflects:

• A) accounts receivable financing.
• B) forfaiting.
• C) factoring.
• D) a letter of credit.

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Definitions:

Organizational Mission

A statement that outlines the purpose, values, and direction of an organization, guiding its decisions and activities.

Foundation

An entity established to provide support through donations or funding to social, educational, charity, or other types of causes.

Direction

Guidance or instructions on a course of action, or the path along which something moves or is aimed to move.

Culture

The shared beliefs, values, norms, and practices that characterize a group of people or society, influencing their behaviors and interactions.