Exam 16: Exporting, Importing, and Countertrade

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Explain the problem of trust that persists in international business.

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_____ is viewed as the most restrictive countertrade arrangement and is primarily used for one-time-only deals in transactions with trading partners who are not creditworthy or trustworthy.

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Countertrade denotes a whole range of agreements that involve financial exchanges.

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When a time draft is drawn on and accepted by a business firm, it is called a trade acceptance.

(True/False)
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U.S. organizations can get financing aid from the Export-Import Bank.

(True/False)
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