The countervailing forces model reflects the BGS relationship in undemocratic societies.

If you want to have $4,200 in 29 months, how much money must you put in a savings account today? Assume that the savings account pays 12% and it is compounded monthly (round to nearest $1).

A. $3,147 B. $2,439 C. $3,009 D. $2,678

Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?

A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank. B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank. C) The exporter's bank is the advising, confirming, and issuing bank. D) The importer's bank is the advising, confirming, and issuing bank. E) none of the above