Question

For the United States, which organization provides loans to foreign buyers of U.S. manufactured goods?

a) International Monetary Fund (IMF)
b) World Trade Organization (WTO)
c) Export-Import Bank of the United States
d) Federal Reserve System

Answer 1

The Export-Import Bank of the United States (Ex-Im Bank) provides loans to foreign buyers of U.S. manufactured goods.

Step-by-step explanation:

The organization that provides loans to foreign buyers of U.S. manufactured goods is the Export-Import Bank of the United States (Ex-Im Bank). Its main function is to support American exports and promote economic growth by financing the export of goods and services.For example, if a foreign buyer wants to purchase machinery or equipment from a U.S. manufacturer, but lacks the necessary funds, they can seek a loan from the Ex-Im Bank to facilitate the transaction. This allows the buyer to obtain the goods they need while supporting U.S. manufacturers.The Ex-Im Bank offers various types of loans, including working capital loans, export credit insurance, and loan guarantees. These financial tools help to mitigate the risks associated with international trade and enable foreign buyers to access U.S. goods on favorable terms.