FIN 435 Pinal Exam Summer 2018 Bruce Seifert Multiple Choice: (4 points each - 1
ID: 2617638 • Letter: F
Question
FIN 435 Pinal Exam Summer 2018 Bruce Seifert Multiple Choice: (4 points each - 148 total points) Gift 2 points Total 150 points I. Consider a bank which acknowledges that it will make payments on behalf importer after the beer is delivered to the importer. This reflects B. Forfeiting. C. Factoring. D. Letter credit. 2. The basic needs of import-export financing are A. Financing. B. Assurance against risk of non-completion C. Protection against transaction risk. D. All of the answers (A, B, and C) are correct. E. Only two of the above (A, B, and C) are correct If a letter of credit is_ awn on the letter of credit. then the exporter's bank A. Irrevocable 3. Confirmed . Cumulative . Answers A, B, and C are all correct.Explanation / Answer
1. D. Letter of Credit
A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.
2. Option D . All of the mentioned needs are basic for Import - Export Financing
3. Please share the whole picture so that i can understand the question correctly
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