EZOS FININT UF1761 CAP.5

When determining the type of financing we want to opt for, we must take into account the following factors:

• The currency in which the importing company must be financed

• The currency of the invoicing by the exporter.

• The exchange rate risk situation

• All of them are right

Invoicing and financing in euros differs much from an operation that is done in a national market since there is no risk of currency exchange. True or False

• True

• False

When contracting an exchange insurance contract, the following decalogue must be taken into account. Are the following senteces correct?

• The quotes of the exchange insurance are not free and each financial institution sets its own. 

• Exchange insurance usually represents approximately the difference between the interest rates of the insured currencies.

• Exchange risk equals loss.

• All of them are correct

The exporter always has to invoice in the same currency as the importer national currency. True or false

• True

• False

When starting an import operation we have to take into account a series of barriers that we can find:

• Trade intangible barriers

• Trade tangible barriers

• Safety barriers

• Exchange rate barriers

There is a type of tax, IAE, that we have to take into account. What is IAE?

• it is an indirect tax levied on supplies of goods

• it is a municipal tax

• it is an autonomy tax

• it records the imports or introductions of certain goods

Custom import exemptions are:

• an exempt zones recognised by the customs authorities

• a measure of the tariff and represent a total or partial exemption from the payment of duties

• a corrective measure of the tariff and represent a total or partial exemption from the payment of duties

• a corrective measure of the VAT and represent a total or partial exemption from the payment of duties

The SAD (Single Administrative Document) is an administrative document necessary for the completion of the customs formalities required for the risk of goods. True or False

• True

• False

What document is INTRASTAT?

• It is a document used to obtain information on trade between third countries.

• It is a document used to trade goods between Community countries.

• It is a document used to obtain information on trade between Community countries.

• It is a document used to obtain information on trade between two countries.