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True or False Quiz
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1
The great promise of exporting is that large revenue and profit opportunities are to be found in foreign markets for most firms in most industries.
A)True
B)False
2
BDC is the name of the federal agency that provides insurance coverage for export development.
A)True
B)False
3
A letter of credit stands at the centre of most international commercial transactions.
A)True
B)False
4
Drafts fall into two categories: back drafts and time drafts.
A)True
B)False
5
EDC is the name of the federal agency that lends money for export development.
A)True
B)False
6
When it comes to Canadian exports, the most comprehensive source of information for Canadian companies is the website of the Department of Foreign Affairs.
A)True
B)False
7
Countertrade is most attractive to large, diverse multinationals.
A)True
B)False
8
The five types of trading arrangements of countertrade are barter, counter purchase, trade purchase, bait-and-switch trading, and compensation or buyback.
A)True
B)False
9
An advantage of countertrade is that firms don't normally mind being paid in goods or services.
A)True
B)False





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