Here is another assignment like you've done before. APA 6 FORMAT and cited reference if used.

Chapter 7:

1. Question 1 - Why is it more difficult and riskier to collect receivables from a foreign purchaser?
2. Question 3 - Describe the concept of cash in advance.
3. Question 5 - Describe the mechanism of a letter of credit, from the exchange of the pro forma invoice to final payment.
4. Question 8 - Describe the concept of bank guarantees. What are the different types of bank guarantees?

Chapter 8:

1. Question 1 - What are three of the possible choices that an exporter can make (in terms of currency) for a specific transaction?
2. Question 2 - Explain the three different types of exchange rates. Find the three exchange rates for a currency of your choice and explain the values you find.
3. Question 5 - What does it mean for a firm to retain its currency fluctuation risk in a transaction?
4. Question 6 - There are three types of hedges that a firm can use to protect itself against transaction exposure. Choose one of them and explain it.