Question 1: Discuss how to improve the below terms of payment. 'The buyer has to arrange a payment guarantee issued by ... (the name of the buyer's bank) f USD (amount) - in favour of the seller, covering the buyer's payment obligations according to contract. The guarantee shall be advised through ... (the name of the seller's bank) and shall reached that bank not later than 30 days from date of contract and be valid for 30 days from delivery as stipulated in the contract.' Question 2: Why do we need to do benefits/cost analysis of foreign direct investment? Question 3: What is financial disintermediation? Question 4: Explain the concept of exchange rate regimes. Question 5: Describe the current situation of financial systems of emerging markets