Read chapter 16 and respond to the following questions:
1. State and describe in detail, another name for a time draft that can also be traded (sold at a discount for immediate cash) once the draft is accepted by a bank.
2. State and describe in detail, a technique for arranging non-recourse medium-term export financing.
3. In chapter 16 we learn that there two major parties to an import-export transaction, namely the exporter (and the exporter’s bank) and the importer (and the importer’s bank). So, when the exporter ships the merchandise to the importer, which of the shipping documents verify the contents of the shipment by a third party? Explain.
Next, respond to the postings of two class members.
class text: https://drive.google.com/file/d/1o-lX-1h8rl684pMb3…
0 comments