Abstract
In the days when the United Kingdom had extensive overseas investments and a dominant position in world trade, business was fairly straightforward for British exporters. They encountered few foreign exchange problems, as most transactions were conducted in sterling, and the seller’s market that prevailed allowed them to dictate terms and to grant or refuse credit as they wished.
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© 1982 A. E. Branch
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Branch, A.E. (1982). Finance of International Trade. In: Economics of Shipping Practice and Management. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3967-1_8
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DOI: https://doi.org/10.1007/978-1-4757-3967-1_8
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-412-16350-0
Online ISBN: 978-1-4757-3967-1
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