Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full. Introduction: Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary. Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Question

Want to see the full answer?

Answer 1

Question

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 2

Question

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Answer 6

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Answer 7

Chapter 13.2, Problem 3QS2

Summary Introduction

To Determine:

Mention the term for the type of finance in which a document is issued by the importer’s bank stating that the after the presentation of the document by the exporter, the payment will be done in full.

Introduction:

Trade finance is a way of financing the business in which bank or other financial institution act as an intermediary.

Letter of credit is one of the types of trade financing. In this, the importer’s bank issues a document stating that the exporter will get paid in full after presenting them the proper documents of the transaction.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 13.1 - Prob. 1QS1 Ch. 13.1 - Prob. 2QS1 Ch. 13.1 - Prob. 3QS1 Ch. 13.2 - Prob. 1QS2 Ch. 13.2 - Prob. 2QS2 Ch. 13.2 - Prob. 3QS2 Ch. 13.3 - Prob. 1QS3 Ch. 13.3 - What is it called when companies use agreements to...Ch. 13.3 - A disadvantage of both management contracts and...Ch. 13.4 - Prob. 1QS4

Want to see the full answer?

Chapter 13 Solutions