Md Monirul Islam
Write short notes on any five of the following (a) Back-to-Back Letter of Credit (BTB L/C) A Back-to-Back Letter of Credit (BTB L/C) is an import LC opened against an export LC. The export LC acts as security for opening…
Md Monirul Islam
Distinguish between any four of the following: (a) Distinguish between OD Sight Rate and BC Selling Rate (1) OD Sight Rate is used for purchasing sight export bills, whereas BC Selling Rate is used for selling foreign currency against import…
Md Monirul Islam
Write short notes on any five of the following. (a) Bill of Exchange A Bill of Exchange is a written order made by the drawer. It instructs the drawee to pay a fixed amount of money to the payee. Payment…
Md Monirul Islam
(9) Your exporter wants to sell a 120-day usance bill of EUR 65,000.00 to your bank. Calculate the buying exchange rate of your bank. How much does your bank have to pay to the exporter? Please use the following information:…
Md Monirul Islam
Role of Inward Wage Remittance in BOP Inward wage remittance refers to money sent home by Bangladeshi workers employed abroad. These workers are in countries such as Saudi Arabia, UAE, Qatar, Kuwait, Malaysia, and the USA. These remittances are recorded…