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Answer questions based on this example: A firm based in California wants to export a shipload of finished lumber to the Philippines. The would-be importer

Answer questions based on this example:

A firm based in California wants to export a shipload of finished lumber to the Philippines. The would-be importer cannot get enough credit from domestic sources to pay for the shipment but insists that the finished lumber can quickly be resold in the Philippines for a profit.

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