Question: QUESTION 2 The basic needs of import-export financing are Financing. Assurance against risk of non-completion. Protection against transaction risk. All of the answers (A, B,

QUESTION 2 The basic needs of import-export financing are Financing. Assurance against risk of non-completion. Protection against transaction risk. All of the answers (A, B, and C) are correct. Only two of the above (A, B, and C) are correct QUESTION 3 If a letter of credit is then the exporter's bank must honor drafts drawn on the letter of credit. irrevocable confirmed cumulative Answers A, B, and C are all correct

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