Kizspy | Question: 4
(Choose 1 answer)
A United States exporter ships goods with value of USD 100,000 to a Vietnamese importer. Payment must be
made in USD.At the time of shipment, 1 USD = 22.100 VND. However, at the time of payment (for example, 30 days after shipment date), the exchange rate has changed to 1 USD = 22.050 VND. In this case, who gets the benefit of currency fluctuation?
A. A Vietnamese importer
B. A United States exporter
C. A broker
D. None of these
