An Export Credit Insurance Is Necessary When the Exporter

Multiple Choice

An export credit insurance is necessary when the exporter

A) is exposed to the risk that the importer may default on payment.
B) is dealing in a country that has a nonconvertible currency.
C) is unable to obtain any pre-export financing.
D) has received a letter of credit from the importer's bank.
E) has to enter a barterlike agreement.