International

Who’s your daddy?

Question 1

Currency options in which a firm agrees to sell a particular currency at a particular price on a given date are called…

a) Strike price

b) Put options

c) Call options

d) Floating currency

Question 1

Currency options in which a firm agrees to sell a particular currency at a particular price on a given date are called…

b) Put options

Question 2

In a Cash in Advance transaction, the exporter conducts international business in a manner similar to the way it conducts business domestically.

True

False

Question 2

In a Cash in Advance transaction, the exporter conducts international business in a manner similar to the way it conducts business domestically.

False (the above is an open account transaction)

Question 3

A program instituted by the U.S. Customs and Border Protection Agency, through which customs agents are sent to the port of departure to inspect containers bound for the United States is called…..

a) Customs Export Initiativeb) Foreign Port Programc) Custom Trade Partnershipd) Container Security Initiative

Question 3

A program instituted by the U.S. Customs and Border Protection Agency, through which customs agents are sent to the port of departure to inspect containers bound for the United States is called…..

d) Container Security Initiative

Question 4

A (an) __________ is an aircraft entirely dedicated to the transport of cargo.

a) Airfreighter

b) Charter airplane

c) Airline

Question 4

A (an) __________ is an aircraft entirely dedicated to the transport of cargo.

a) Airfreighter

Question 5

There are two reasons to properly mark cargo as it is shipped. Which one of the following is not one of those reasons?

a) Protection from poor handling

b) Protection from theft

c) Protection from getting lost

Question 5

There are two reasons to properly mark cargo as it is shipped. Which one of the following is not one of those reasons?

c) Protection from getting lost