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5. Explain why some financial institutions prefer to provide credit in financial markets outside their own country. 6. If the potential return is high enough,
5. Explain why some financial institutions prefer to provide credit in financial markets outside their own country. 6. If the potential return is high enough, any degree of country risk can be tolerated. Do you agree withthis statement? Why or why not? 7. What exactly is the SWIFT system? How is it useful for international trade? 8. What are the international rules covering Letters of Credit? Is there a payment alternative which might be more effective than a Letter of Credit
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