II. Give definition to the notions:
Bill of lading, irrevocable letter of credit, bill of exchange, time draft, quota, boycott.
III. Make a proper selection:
1. on credit 1. money paid before it is due, or for partially
done work
2. cash in advance 2. without paying immediately.
3. collection 3. failure to carry out the terms of the contract
4. drawer 4. a person who writes a check asking to pay
to a payee
5. default 5. getting money together
IV. Match the synonyms:
Terms of sale, obligation, to cancel, to accept, amount
V. Match the antonyms:
To reject, expenses, drawee, to confirm.
VI. Give full names to the abbreviations and translate them into Russian:
EXW, FAS, CFR, CIF, CPT, FRC.
VII. Answer the following questions:
1. How does embargo affect the economy of the country?
2. What is the most restrictive monetary barrier?
3. What are the purposes of exporting?
4. What is the basic advantage of franchising?
5. What are the typical reasons for the international expansion of franchising?
Compiled by E. Pavlova
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