1.

A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as:

Group of answer choices

N.L.R.

S.E.D.

B.I.S.

U.C.C.

None of the above

2.

A characteristic of options hedging is that options are commonly traded for many different currencies.

Group of answer choices

True

False

3.

S.D.R.s of the International Monetary Fund can be used in exchanges:

Group of answer choices

instead of open accounts.

as letters of credit.

as an artificial currency.

All of the above

None of the above

4.

An options market hedge is, in effect, an insurance policy against unfavorable exchange rate fluctuations.

Group of answer choices

True

False

5.

If it is agreed that an international exchange will be in the currency of the exporters country, then there is no exchange rate fluctuation risk for the importer.

Group of answer choices

True

False