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International Business 9th Edition by Charles Hill
Edition 9ISBN: 978-0078029240International Business 9th Edition by Charles Hill
Edition 9ISBN: 978-0078029240 Exercise 9
An alternative to using a letter of credit is export credit insurance. What are the advantages and disadvantages of using export credit insurance as opposed to a letter of credit for (a) exporting a luxury yacht from California to Canada, and (b) exporting machine tools from New York to Ukraine?
Explanation
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a) A luxury yacht: Not a lot of people b...
International Business 9th Edition by Charles Hill
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