Question

1. What does the CORE acronym stand for?

A. Consolidated Referral toward Energy

B. Corporate Results to Employees

C. Coalition Response toward Excellence

D. Company Readiness to Export

E. Capital Results that Excel

2. The _____ dictates that an importer must pay a specified amount of money by a specific date.

A. bill of exchange

B. drawee

C. lease agreement

D. letter of credit

E. bill of lading

3. The main reason most international transactions require full payment before the buyer receives the merchandise is

A. strict government regulations.

B. an underlying lack of trust.

C. an excess of factor endowments.

D. to trigger lower tariffs.

E. the inability to charge interest on the cost of goods.

4. What is the agency of the U.S. government whose mission is to assist in the financing of U.S. exports of products and services to support U.S. employment and market competitiveness?

A. Department of the Treasury

B. Bureau of Economic Analysis

C. Department of Commerce

D. Ex-Im Bank

E. Federal Reserve

Answer 1

1. D. Company Readiness to Export is something that the CORE acronym stand for. Whereas the remaining ones are not appropriate for the CORE acronym.

2. A. Bill of exchange dictates that an importer must pay a specified amount of money by a specific date. It is also known as draft.

3. B. An underlying lack of trust is the main reason most international transactions require full payment before the buyer receives the merchandise. Whereas the remaining ones can't be considered as main reason in this context.

4. D. Ex-Im Bank is the agency of the U.S. government whose mission is to assist in the financing of U.S. exports of products and services to support U.S. employment and market competitiveness. Whereas the remaining agencies are not relevant in this context.