Foreign Trade
- Business
What is the Basic Difference Between Payment Credit and Negotiation Credit
Negotiation Credit. A negotiation credit is one which contains an open invitation to banks to negotiate documents under the credit.…
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The Various Types of Documentary Letters of Credit
A letter of credit may be a clean credit or a documentary credit. A documentary credit requires the documents of…
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The Purpose of Uniform Customs and Practice for Documentary Credits
In the sphere of international trade the letter of credit occupies an important place as a method of payment. But…
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Advantages and Disadvantages of Letter of Credit
Advantages of Letter of Credit. To the exporter the advantages are: 1. The first advantage is from the financial point…
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The Mechanism of a Letter of Credit in ForeignTrade
A letter of credit is an arrangement whereby a bank at the request and in accordance with the instructions of…
Read More » - Banking
The Banking Services Under International Correspondent Banking Relationship
International trade involves places in different countries. It is not possible for a bank to have branches in all centers…
Read More » - International Business
Comparative Differences In Comparative Cost Theory
(iii) Comparative Differences in Costs. If the production costs. in the two countries are comparative between two countries, inter-national trade…
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Equal Cost Differences In Comparative Cost Theory
Equal Differences in Costs: If there are equal differences in production costs, there is hardly any possibility of international trade…
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Types Of Cost Differences In Comparative Cost Theory
The Theory of Cost assumed that the factors of production are perfectly mobile within the country but totally immobile between…
Read More » - International Business
Disequilibrium In The Balance Of Payments Of A Country
It is evident that balance of payments is always balanced just like balance sheet of a business concern. The current…
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