With ____, the importer's bank promises to pay the exporter if the importer fails to pay as agreed.
A) a standby letter of credit
B) a bill of exchange
C) forfaiting
D) accounts receivable financing
Correct Answer:
Verified
Q41: The _ is a private corporation owned
Q42: Which of the following payment terms provides
Q43: Which of the following is not a
Q44: With a(n) _ arrangement, the exporter ships
Q45: Consider an exporter that ships products to
Q47: The risk to the exporter is highest
Q48: When products are shipped under a _,
Q49: In a(n) _ or clearing-account arrangement, the
Q50: Consider an exporter that sells its accounts
Q51: Which of the following is not true
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