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      Question

      In export credit, which of the following risks is

      typically NOT covered by an Export Credit Guarantee Corporation (ECGC) policy?
      A Insolvency of the buyer Correct Answer Incorrect Answer
      B Political risk due to war Correct Answer Incorrect Answer
      C Exchange rate fluctuation losses Correct Answer Incorrect Answer
      D Default in payment after shipment Correct Answer Incorrect Answer
      E Restriction on remittance by importing country Correct Answer Incorrect Answer

      Solution

      ECGC does not cover market risk like exchange rate changes. It mainly covers commercial and political risks.

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