The risk of default on the part of the importer is present

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Reference no: EM131242489

1. The risk of default on the part of the importer is present as soon as

a. goods are received.

b. the export contract is signed.

c. goods are shipped.

d. a price quote is requested.

2. ________ factoring means the factor assumes the credit. Political and foreign exchange risk of the receivables it purchases.

a. Risky

b. Resource

c. Non-recourse

d. Recourse

3. A signed ________ is issued by the exporter and contains a precise description of the merchandise.

a. banker's acceptance

b. commercial invoice

c. bill of lading

d. packing list

Reference no: EM131242489

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