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Describe the concept of bank guarantees

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Reference no: EM131948305

  1. Explain why a developing country would want to prevent its importers from purchasing CIF or CIP and instead require CFR or CPT shipments?
  2. Describe the concept of bank guarantees. What are the different types of bank guarantees?
  3. There are three types of hedges that a firm can use to protect itself against transaction exposure. Choose one of them and explain it.

Reference no: EM131948305

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