In _______, a bank arranges to fund a loan to pay the exporter instead of charging the importer’s account immediately.
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With _______, the exporter ships the goods to the importer while still retaining actual title to the merchandise.
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According to the text, international trade activity has generally __________ over time. This should cause the popularity of trade finance techniques to ___________ over time.
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The all-in-rate a bank charges its customer(s) for accepting drafts includes both the discount rate and the acceptance commission.
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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:
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Consider an importer that issues a promissory note to pay for the imported capital goods over a period of five years. The notes are extended to an exporter who sells them at a discount to a bank. This reflects:
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Consider a bank that acknowledges that it will make payments on behalf of a beer importer after the beer is delivered to the importer. This reflects:
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Consider an exporter that sells its accounts receivables off to another firm that becomes responsible for obtaining cash from the various importers. This reflects:
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