drawer

joint venture

CIF

What is a free trade area?

What does international business refer to?

What is insurable interest?

What is an irrevocable letter of credit?

The operation of the letter of credit starts with the importer.He instructs his bank to issue an L/C in favor of the seller. Here the importer is called the applicant,or opener, the bank that issues the credit is called the opening bank,and the exporter is called the beneficiary.

Many people save or invest money in some form or other. The International Stock Exchange exists to provide a channel through which these savings can reach those who need finance.The International Stock Exchange is a capital-raising market,where long-term capital in the form of tradable securities can be raised by companies and governments.

第一次世界大战以前，金本位制建立了固定汇率制，每个国家都将本国货币与黄金挂钩来确定的平价。