Question 1

When a time draft is drawn on and accepted by a bank, it is known as a:

Accepted Answer

A)  trade acceptance.
B)  banker's check.
C)  banker's acceptance.
D)  bill of lading.
E)  letter of credit.F) A) and B)
G) All of the above

Question 2

In the modern era, countertrade arose in the 1960s as a way to purchase imports for:

Accepted Answer

A)  the United States.
B)  the Soviet Union.
C)  Germany.
D)  Japan.
E)  Africa.F) C) and D)
G) None of the above

Question 3

What does the term sogo shosha mean? How do they help Japanese exporters and what role do they play in countertrade?

Accepted Answer

Sogo shosha are Japan's great trading ho...

Question 4

While seeking opportunities for profitable exporting, large firms generally tend to be:

Accepted Answer

A)  passive.
B)  risk averse.
C)  wary.
D)  proactive.
E)  neutral.F) A) and B)
G) C) and E)

Exam 14: Exporting, Importing, and Countertrade

What does the term sogo shosha mean? How do they help Japanese exporters and what role do they play in countertrade?