Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
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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.
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Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Ch. 13.1 - Prob. 1QS1Ch. 13.1 - Prob. 2QS1Ch. 13.1 - Prob. 3QS1Ch. 13.2 - Prob. 1QS2Ch. 13.2 - Prob. 2QS2Ch. 13.2 - Prob. 3QS2Ch. 13.3 - Prob. 1QS3Ch. 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
Ch. 13.4 - Prob. 2QS4Ch. 13.4 - Prob. 3QS4Ch. 13.4 - Prob. 4QS4Ch. 13.5 - Prob. 1QS5Ch. 13.5 - Prob. 2QS5Ch. 13.5 - Prob. 3QS5Ch. 13 - Prob. 1TAI1Ch. 13 - Prob. 2TAI1Ch. 13 - Prob. 3TAI2Ch. 13 - Prob. 4TAI2Ch. 13 - Prob. 5ECCh. 13 - Prob. 6ECCh. 13 - Prob. 7ECCh. 13 - Prob. 10TUCh. 13 - Prob. 11TUCh. 13 - Prob. 12TU
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