Question 5
Question 5 of 5

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Topics Tested

the challenges of international trade to exporters and importers: distance, language, methods of payment, documentation, transport, customs duties, non-payment, currencies, foreign exchange rates, competition and different legal systems

the sources of support for exporters: international trade fairs, cheaper bank loans and insurance guarantees

different types of documents used in international trade: certificate of origin, bill of lading, air waybill and documentary credit (letters of credit)