98. An exporter has to forgo a letter of credit when:
99. The lack of a letter of credit exposes the exporter to the risk that the foreign importer will
default on payment. The exporter can insure against this possibility by:
100. An export credit insurance is necessary when the:
101. In the United States, export credit insurance is provided by _____, an association of
private commercial institutions.
102. The Foreign Credit Insurance Association (FCIA) is an association of private commercial
institutions operating under the guidance of the _____.
103. Which of the following is an advantage of export credit insurance?
104. Countertrade is most likely to be used when:
105. _____ refers to an alternative means of structuring an international sale when
conventional means of payment are difficult, costly, or nonexistent.
106. A range of barterlike agreements by which goods and services are traded for other goods
and services when they cannot be traded for money is known as _____.
107. The principle of _____ is to trade goods and services for other goods and services when
they cannot be traded for money.
108. Countertrade occurs when the:
109. Organizations resort to countertrade of goods and services when:
110. In the modern era, countertrade arose in the 1960s as a way for _____ to purchase
imports.
111. Which of the following is true of countertrade?
112. Which of the following is a distinct type of countertrade arrangement?
113. The direct exchange of goods and/or services between two parties without a cash
transaction is referred to as _____.
114. Which of the following types of countertrade is the simplest, although not common?
115. The most restrictive countertrade arrangement is _____ because if goods are not
exchanged simultaneously, one party ends up financing the other for a period.
116. Which of the following is true of barter as a countertrade arrangement?
117. Which of the following is a disadvantage of barter as a countertrade arrangement?