Question

The purpose of the U.S. Export-Import Bank is to:

	A.	use predatory tactics to prevent foreign companies from trying to export products to the U.S.
	B.	give foreign buyers of U.S. exports low-interest loans to finance their purchases
	C.	subsidize producers of commodities in the U.S. for the purpose of making them competitive in the international market
	D.	All of the above

Answer 1

B. give foreign buyers of U.S. exports low-interest loans to finance their purchases

The Export–Import Bank offers a range of loan, guarantee, and insurance products envisioned to help the export of American goods and services. Its task is to craft and endure U.S. jobs while financing sales of U.S. exports to global buyers. It is the official export credit organization of the United States and provides the financing tools to American businesses essential to contest for global sales while private sector lenders are not capable to provide financing. It offers export credit insurance, working capital guarantees as well as guarantees of commercial loans to foreign buyers.

answered by: anonymous