A Saudi firm would like to purchase a product from an American firm. Assume the Saudi firm
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Question:
A Saudi firm would like to purchase a product from an American firm. Assume the Saudi firm do its financial transaction through
SAMBA and the American do its financial transaction through Bank of America. How would this international trade be settled in terms of
payment and delivering the product (there is no need to consider exchange rate movement since our currency is pegged to $)?
Expert Answer:
In an international trade scenario between a Saudi firm and an American firm the settlement of payme... View the full answer
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