INTERNATIONAL TRANSACTION

A document prepared by the exporter, providing a description of the merchandise and the terms of sale.

• Insurance Certificate

• Commercial Invoice

• Letter of Credit

• Promissory Note

A document that states a promise to pay a set amount by a certain date is a/an

• bond

• bill of exchange

• promissory note

• letter of credit

Listen the sound of key word, so on find out what document ?

• letter of credit

• bill of exchange

• Visa card

• promissory note

A payment in which the importer's bank guarantees payment to the exporter is

• Cash in advance

• A sales contract

• A guarantee letter

• letter of credit

Please, write a short phrase word

The payment instruments in international trade. which does the instrument use the most popular in trade relations today?

• payment card

• cheques

• bill of exchange

• Visa

The amount of Euros that can be traded for US dollars is

• USD/EUR

• interest rate

• Exchange cross

• exchange rate

The currency exchange rate is constantly changing.

• True

• False

Goods that are bought and sold in trade. If being shipped or moved, it may be called FREIGHT or CARGO.

• Shipment

• Export

• Merchandise

A certificate certifying that the goods have been made to the buyer’s specifications.

• CERTIFICATE OF ORIGIN

• CERTIFICATE OF QUALITY

• CERTIFICATE OF MANUFACTURE

• CERTIFICATE OF SALE