"[TRUE-FALSE] Countertrade is a goods-for-goods deal {TRUE}" "[TRUE-FALSE] In an offset, a foreign supplier is required to manufacture the product locally as an exchange for the right to sell the product there {TRUE}" "[TRUE-FALSE] The relationship between a country's credit rating and its propensity to countertrade is very strong {FALSE}" "[TRUE-FALSE] Vertically integrated firms are likely to benefit from countertrade {TRUE}" "[TRUE-FALSE] A country that requires countertrade as a trade condition is able to shift the extra costs of doing business to the seller {FALSE}" "[TRUE-FALSE] A country that requires countertrade as a trade condition must alone bear the cost of inefficiency {TRUE}" "[TRUE-FALSE] Countertrade does not increase the cost of doing business {FALSE}" "[TRUE-FALSE] For a barter or countertrade to be completed, it requires a "double coincidence of wants" {TRUE}" "[TRUE-FALSE] Recognizing the importance of countertrade, the US government encourages federal agencies to promote countertrade {FALSE}" "[TRUE-FALSE] It is the policy of the US government to encourage US government agencies and US firms to use countertrade when doing business with less developed countries {FALSE}" "[TRUE-FALSE] Problems of countertrade are more psychological rather than real obstacles {TRUE}" "[TRUE-FALSE] Ex dock should not be used in quotations for export {TRUE}" "[TRUE-FALSE] If currency convertibility is a problem, FOB terms are desirable for both the buyer and the seller {TRUE}" "[TRUE-FALSE] Importers prefer FOB price quotes to CIF price quotes {FALSE}" "[TRUE-FALSE] When a sight draft is used, the risk to an exporter is that a buyer can refuse the goods shipped {TRUE}" "[TRUE-FALSE] A bankers' acceptance is not a negotiable instrument {FALSE}" "[TRUE-FALSE] Banks prefer to handle a transferable letter of credit instead of being involved with a back-to-back letter of credit {TRUE}" "[TRUE-FALSE] Both the letter of credit and bill of exchange can be discounted {TRUE}" "[TRUE-FALSE] A revocable and unconfirmed letter of credit gives the exporter maximum security and minimum delay in receiving payment {FALSE}" "[TRUE-FALSE] The existence of a letter credit is not a substitution for proper business investigation concerning buyers {TRUE}" "[TRUE-FALSE] The most significant portion of the cost for a letter of credit is confirmation {TRUE}"