International Trade Finance
Authored by Kenneth Yap
Professional Development
KG - 5th Grade
Used 19+ times
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8 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the top key risks/ issues facing exporters in international trade?
Payment risk
Legal risk
Political risk
Importer port not in operation
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the key risks/ issues facing importers in international trade?
Payment risk
Quality of goods
Political risk
Goods failed to deliver on time
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What are the most common Incoterms used in international trade?
EXW
FAS
FOB
CFR
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which trade terms pose the highest risk for Exporter?
Open account trade
Unconfirmed letter of credit
Cash in advance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which trade terms pose the highest risk for Importer?
Open account trade
Unconfirmed letter of credit
Cash in advance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Irrevocable L/Cs…
Can only be cancelled or amended by the importer
Cannot be cancelled or amended without the permission of the exporter
Are guarantees to importers to support domestic economies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bank issuing an L/C takes primary responsibility for
Transportation risk
Documentary risk
Delivery of exported goods
Payment on behalf of the applicant
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