The key elements of International Trade Finance include payment, risk mitigation, financing, and access to information regarding the cash flow and flow of goods * True False

You need to identify the parties involved in the international transaction like any affiliated companies, agents, or representatives, but it is not necessary to include them in the contract. * True False

Frequency of coups and labour unrest, prevailing commercial and economic philosophies, and belief systems are all examples of a country's political risk and need to be assessed. * True False

For exporters, any payment is a donation until the goods are received, hence, they would want to make the payment as soon as possible. * True False

Foreign exchange rates are in flux constantly. Hence, businesses would be forced to make conversions of the funds generated overseas at rates lower than what is budgeted. * True False

International trade presents a spectrum of risk, which causes uncertainty over the timing of payments between the exporter (seller) and importer (foreign buyer). * True False

Exporters want to receive payment as late as possible, preferably after the goods are sent to the importer. * True False

When entering a new international market, a company must assess a foreign importer's creditworthiness or a foreign supplier's business capabilities. * True False

Participation in trade fairs and missions abroad is one of the unique costs of domestic trade. * True False

International trade finance instruments are popular risk mitigation tools used by exporters. * True False