Question: By shipping goods under documentary time drafts for acceptance a. the exporter is extending credit to the importer b. the exporter is relinquishing control of

By shipping goods under documentary time drafts for acceptance

a. the exporter is extending credit to the importer

b. the exporter is relinquishing control of the goods in return for a signature on the acceptance to assure it of payment

c. the importer guarantees that it will pay cash on delivery

d. a and b only

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

1. In order to reduce its currentaccount deficit, the United States must do which of the following? a. reduce the federal budget deficit b. raise national product relative to national spending c....

Q:

2 of 20 5.0 Points An exporter manufacturing a specialized piece of equipment can hedge the risk that its customer will cancel the contract before shipment by obtaining a A. consignment contract B....

Q:

QUESTION 4 By shipping goods under documentary time drafts for acceptance the exporter is extending credit to the importer the exporter is relinquishing control of the goods in return for a signature...

Q:

Which one of the following is NOT true when shipping goods under documentary time drafts for acceptance? Select one: A. the exporter is extending credit to the importer B. the exporter is...

Q:

By shipping goods under documentary time drafts for acceptance a. the importer is extending credit to the exporter b. the exporter is relinquishing control of the goods in return for a signature on...

Q:

Please answer the following questions - T/F and MCQs. Answer the following MCQ and True/False Questions. There are some unique costs that the exporters need to consider with international...

Q:

Answer True or False for the following statements: 1.There are some unique costs that the exporters need to consider with international transactions like international travel, long-distance...

Q:

Note: Answer the following questions : 1.One of the key differences between Documents Against Payments (D/P) and Documents Against Acceptance (D/A) is that if you are using the D/P, the exporter...

Q:

Hi. I need help with replies to these posts: 1. Distribution of risk A time draft is used to establish the time of payment; that is, the payment is due within a certain time after the buyer accepts...

Q:

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

Q:

Consider that you currently have $400,000 pesos, which at current parity is equivalent to $20,000 dollars. If banks in Mexico pay 8% annual interest on deposits to a year and banks in the USA pay...

Q:

You work for Paperclip Office Supplies and discover that many of your coworkers take excessive use of company-provided snacks in the coffee room. You know these are intended perquisites ('perks') for...

Q:

Cateora, P . , Money, B . , Gilly, M . , Graham, J . , & Cateora, G . ( 2 0 2 4 ) . International marketing ( 1 9 th ed . ) . McGraw Hill.

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...