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Your responses are to be two complete pages (single spaced, 10-12 point, times new roman) for each question. If you have less than two pages, you probably have not answered the question, if you have more than two pages, edit.
Your name should be right justified in the header of each page.On the first line of each page, include the question # and question topic for that question. Do not re-write the question.
use APA style citations with parenthetical author name and date for articles, and page number for any direct quotes. You should also include a minimum of 3-5 outside readings to be cited in each of your questions.You should include a bibliography of all cited works at the end of your exam.
Answer the questions completely. Each part of each question must be addressed.I would suggest providing an example where you can.Examples typically provide a clear display of the understanding of the application of concepts.Do not just re-iterate my examples from the lecture.I want to see you apply concepts in a new way.
I uploaded a power point to help addressing the first question
Do not user Chat gpt or AI. 1.

First, discuss the types ofletters of credit and what we should be aware of for each of them. Second, discuss each of the participants inthe letter of credit process including participants in special cases. Third, discuss the types of drafts whichmight be associated with a letter of credit and identify the type ofinformation generally included on a letter of credit. Finally, discuss step by step, the letter ofcredit process. How does it work? Who is responsible for what?2.
Describe a transaction for a fullcontainer load between a U.S. importer and a foreign exporter, which will takeplace 180 days from now. Includespecifics about the product, location and transaction amount. Look up the value of the US dollar incomparison to the value of the currency for the country in which yourtransaction is taking place. Is the US dollar declining or appreciating invalue against the foreign currencies? Discuss a few (at least 3) different methods including thetypes of instruments which the U.S. importer might use to hedge its exchangerate exposure. For each of the threemethods, please include a detailed example explaining your position, number ofcontracts/options, value, strike price and decision points, etc. Which instrument would you choose for yourhedge and why?

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