Asked by Petronel Ntimane on May 26, 2024
Verified
Which of the following is the best definition of Export Development Canada (EDC) .
A) The market where one country's currency is traded for another's.
B) International bonds issued in a single country, usually denominated in that country's currency.
C) Federal Crown corporation that promotes Canadian exports by making loans to foreign purchasers.
D) The idea that the exchange rate adjusts to keep purchasing power constant among currencies.
E) The price of one country's currency expressed in another country's currency.
Export Development Canada
A Canadian government agency that provides financing, insurance, and other support to Canadian exporters and investors.
Federal Crown
A term referring to the sovereign power of the government in a monarchy, especially in context to its authority and jurisdiction.
- Understand the role and functions of Export Development Canada in international trade.
Verified Answer
JV
Joseph ValenzoMay 26, 2024
Final Answer :
C
Explanation :
Export Development Canada (EDC) is a federal Crown corporation that supports and develops Canada's export trade by helping Canadian companies respond to international business opportunities. It does this by providing insurance and financial services, bonding products, and small business solutions to Canadian exporters and investors and their international buyers.
Learning Objectives
- Understand the role and functions of Export Development Canada in international trade.
Related questions
Countertrade Deals Are Generally Avoided by Countries with Heavy Debt ...
Joint Ventures Allow Companies to Share Risks,costs,profits,and Management Responsibilities with ...
Which of the Following Statements Is False ...
As a Percentage of GDP, U.S. Exports Are ...
In Terms of Absolute Dollar Volume, the Top 3 Leaders ...