Question 21 of 25 The FOREX Market AHas been known to be manpulated by big banks

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Question 21 of 25 The FOREX Market AHas been known to be manpulated by big banks O B.ls tightly regulated and monitored CBoth B & C OD is virtualy unreguiated Mark for ReviewwhatsThist Question 22 of 25 If you are an importer and if it does not cost you any more would you rather have your product delivered: O AFOB (Free on Board) O B.EXW (Ex Works) O C.DAP (Delivered at Place) DClF (Cost, Freight and Insurance) Reset Selection Mark for RoviowyhatsThis? Question 23 of 25 An LC (Letter of Credit) is: O AA Credit Report prepared by your bank to show your supplier? B.A promise by your bank to pay your supplier upon presentment of certain documentation showing the supplier has met the conditions of the O C.A promise by the supplier's bank to demand payment from your bank once the product has shipped? O DA letter you prepare for your supplier stating your redit rating and a payment schedule to pay for the product? sale-purchase contract O Mark for Review What's This? Question 24 of 25 The most risky Incoterms arrangement for delivery for an importer is: O AF.OB. - Free on Board O B.DAP- Delivered at Place c.c.LF-Cost. Insurance and Freight D.EXW- Ex Works Reset Selection

Explanation / Answer

21.) The correct answer is (A)

The FOREX market has been known to be manipulated by big banks.

22.) The correct answer is (C)

If we are an importer and it does not cost us any extra, then we would like to have our product delivered at our place.

23.) The correct answer is (B)

Letter of Credit is a promise by your bank to pay your supplier upn presentment of certain documentation showing the supplier has met the conditions of sale-purchase contract.

24.) The correct answer is (D)

The most risky incoterms arrangement is D.EXW- Ex Works

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