Exam 13: Exporting,Importing,and Countertrade

The combination of ______________ and _____________ explains why exporters still account for only a tiny percentage of U.S.firms.

For the service of providing letter of credit,the bank's service charge ranges between ____________ of the value of L/C.

According to the United Nations report on trade and development,document and paperwork preparation often amounts to what percentage of the final value of the goods exported?

Which of these is payable on presentation to the drawee?

For Canadian firms,the most comprehensive sources of export opportunities information is/are the:

What is the document,issued by a bank,that indicates that the bank will make payments under specific circumstances known as?

Switch trading involves the direct exchange of goods and/or services between two parties without a cash transaction.

What Crown corporations play vital roles in providing advisory and financial services to Canadian exporters?

Which of these stands at the centre of international commercial transactions?

Which of the following financing and venture capital services does the BDC not provide?

Great trading houses in Japan are called:

Toddler Toys,which recently opened for business,has 45 employees and about $10 million in sales and would be considered to be a small or medium sized firm.Given the small size of the firm,according to studies,Toddler Toys would be ___________ seeking opportunities for profitable exporting.

What is the main attraction of countertrade?

When a time draft is drawn on and accepted by a business firm,it is called a(n):

A typical international trade transaction involves 12 steps.

When a firm builds a plant in a country-or supplies technology,equipment,training,or other services to the country-and agrees to take a certain percentage of the plant's output as partial payment for the contract,it is called:

Countertrade is an alternative means of structuring an international sale.

What is the difference between a sight draft and a time draft?

Most exporters understand the amount of management resources that must be dedicated to exporting.

The bill of lading can function as collateral against which funds may be advanced to the exporter by its local bank before final payments by the importer.