Multiple Choice
If the market rate for 90-day B/As is 6.0 percent,calculate the amount the exporter will receive if he discounts the B/A with the importer's bank.(Assume 360 days in a year)
A) $2,945,625.
B) $2,990,625.
C) $3,000,000.
D) $3,009,375.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A letter of credit is:<br>A) a guarantee
Q2: Which forms of countertrade do not involve
Q4: If the 90-day B/A rates are 5%,determine
Q6: A time draft is:<br>A) a guarantee from
Q7: A banker's acceptance is:<br>A) a guarantee from
Q8: Explain the major differences between international and
Q9: Which of the following services are NOT
Q10: The time from acceptance to maturity on
Q11: Which forms of countertrade involve immediate use
Q25: The _ sends a purchase order to