Exam 13: Exporting,Importing,and Countertrade

Estimates of the percentage of world trade covered by some sort of countertrade agreement range from about _____ percent.

List the forms of government-backed assistance that can help finance export programs for potential U.S.exporters?

The _____ program has about 850 volunteers with international trade experience providing one-on-one counseling to active and new-to-export businesses.

Which organization is affiliated with the Service Corps of Retired Executives?

Great trading houses in Japan are called:

Some EMCs appear to add little value to the exporting company.

Which of the following is a drawback of countertrade?

A draft is sometimes referred to as a:

When a specialized third-party trading house is used in a countertrade arrangement,it is called:

The direct exchange of goods and/or services between two parties without a cash transaction is referred to as:

The _____ guarantees repayment of medium and long-term loans U.S.commercial banks make to foreign borrowers for purchasing U.S.exports.

The person or business initiating a draft is known as the drafter and the party to whom the draft is presented is known as the draftee.

Offset refers to the use of a specialized third party trading house in a countertrade arrangement.

The Foreign Credit Insurance Association (FCIA)is an association of private commercial institutions operating under the guidance of the

Between 30 and 40 percent of world trade by value is now in the form of countertrade.

Describe each of the five distinct types of countertrading arrangements.

Which of the following is an advantage of the letter of credit system to the importer?

Countertrade is most attractive to:

Identify a drawback to countertrade.

Which of the following is a drawback of relying on an EMC?