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4.) Export/import financing in which the importers bank issues a document stating that the exporter will get paid when it fulfills the terms of the

4.) Export/import financing in which the importers bank issues a document stating that the exporter will get paid when it fulfills the terms of the document is called what, briefly explain?

5) Please define a wholly owned subsidiary, what are the benefits and obstacles?

6) Please define a joint venture, what are the benefits and obstacles?

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