Question: Part 2. Basic Financial Environment (20%) 3. Describe the major currency used in trading this good with China. Evaluate the advantages and risks when using

Part 2. Basic Financial Environment (20%)
3. Describe the major currency used in trading this good with China. Evaluate the
advantages and risks when using such currency.
4. Compare the comparative advantages and risks of main payment methods (Cash in
Advance, Collection, Letter of Credit, Opening Account, Consignment) when trading this
good.
5. Describe the major financial institutions in your country capable of processing such
payment.

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