International Business Ch. 14-16

Repayment of medium- and long-term loans that U.S. commercial banks make to foreign borrowers for purchasing U.S. exports is guaranteed by the

Export Credit Insurance Association.

The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the

Export-Import Bank

Which institution within the U.S. Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets?

International Trade Administration

The most restrictive countertrade arrangement is

barter

The type of countertrade where a firm agrees to purchase a certain amount of materials back from a country to which a sale is made is called

counterpurchase

When a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer, it serves as a

document of title

A buying agreement where the exporting country can fulfill the agreement with any firm in the country to which the sale is being made is called a(n)

offset

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

proactive

The government organization that employs 76 district international trade officers and 10 regional international trade officers throughout the United States as well as a 10-person international trade staff in Washington, D.C., to help to help potential exporters is the

small business administration

When a time draft is drawn on and accepted by a business firm, it is known as a(n)

trade acceptance