Government spending provided by passage of appropriations bills that set aside funds for specific federal agencies and programs? Mandatory spending Discretionary spending Required spending Appropriations spending The commercial letter of credit is of special usefulness in international transactions when the? importer’s credit rating is either weak or not well known. exporter’s credit rating is weak, but the importer’s credit reputation is strong. bank financing the importer’s transaction has very little confidence in the customer’s ability to meet payments. exporter’s bank has little confidence in its customer’s ability to meet its financial obligations.
Government spending provided by passage of appropriations bills that set aside funds for specific federal agencies and programs?
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Mandatory spending |
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Discretionary spending |
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Required spending |
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Appropriations spending |
The commercial letter of credit is of special usefulness in international transactions when the?
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importer’s credit rating is either weak or not well known. |
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exporter’s credit rating is weak, but the importer’s credit reputation is strong. |
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bank financing the importer’s transaction has very little confidence in the customer’s ability to meet payments. |
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exporter’s bank has little confidence in its customer’s ability to meet its financial obligations. |
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Introduction
A proposed law called an appropriation, often known as a supply bill or a spending bill authorizes the use of government cash. It is a policy that distributes funding to certain goals. Most democracies require legislative consent before the government may spend money. In a Westminster parliamentary system, the failure of an appropriation bill in a parliamentary vote usually results in the government's resignation or the calling of a general election.
A commercial letter of credit (CLC) is a bank-issued document that guarantees a company's suppliers will be paid for the goods and services they deliver. When one of your suppliers is concerned about your capacity to pay, your firm may obtain a CLC from your bank.
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