problem 1: Describe the terms country risk and buyer risk.
problem 2: Describe the life cycle of a bill of exchange.
problem 3: Describe the contribution of commodity markets to international trade.
problem 4: describe in detail what the Law of Comparative Advantage is.
problem 5: Describe the main methods of remitting payments overseas.
problem 6: What safeguards must be adopted when accepting a letter of credit?
problem 7: Describe the following:
a) Closing out forward contracts
b) Pure currency options
problem 8: Illustrate in detail the role played by:
a) Export houses
b) Buying houses