problem 1: Describe fully what open account trading is.
problem 2: Fundamentally, exporting costs do not differ greatly from home market costs. Illustrate.
problem 3: What are irrevocable and confirmed credits?
problem 4: Describe the role of factoring companies and describe the benefits that they offer to an exporter.
problem 5: What are the reasons for controlling the exportation of goods from a country?
problem 6: What are spot and forward exchange rates and how are they quoted?
a) What do you mean by performance guarantee?
b) When must a performance guarantee be set up?
problem 8: Describe the circumstances in which an exporter would ask for payment in advance or cash with order.