Export Finance and Insurance Corporation's function is:Question 7Select one:a.solely to lend directly to small- or medium-sized businesses involved in export tradeb.solely to guarantee trade finance to small- or medium- sized businesses involved in export tradec.to encourage export trade by providing trade insurance and financial servicesd.solely to provide insurance for Australian suppliers of goods and services against non-payment
Question
Export Finance and Insurance Corporation's function is:Question 7Select one:a.solely to lend directly to small- or medium-sized businesses involved in export tradeb.solely to guarantee trade finance to small- or medium- sized businesses involved in export tradec.to encourage export trade by providing trade insurance and financial servicesd.solely to provide insurance for Australian suppliers of goods and services against non-payment
Solution
The function of the Export Finance and Insurance Corporation is: c. to encourage export trade by providing trade insurance and financial services. This organization is designed to support and develop Australia's export trade by offering a range of services, including insurance and financial services, to businesses involved in exporting. It is not solely focused on lending or providing guarantees to small- or medium-sized businesses, nor is it solely focused on providing insurance against non-payment for suppliers. Instead, it offers a comprehensive range of services to support and encourage the growth of export trade.
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