Why Is Eximbank Financing Often Referred to as Financing of "Last

Multiple Choice

Why is Eximbank financing often referred to as financing of "last resort?"

A) it will not provide financing unless the U.S. exporter is doing business in more than one country
B) it will not provide financing unless private capital is unavailable
C) fees are extremely high for guarantees and insurance
D) the Eximbank authorizes loans for only the worst credit risks