___________ provides the exporter with cash at the time of the shipment.The importer pays the exporter with bills of exchange or promissory notes guaranteed by a leading bank in the importer's country.

Question

Quizplus · Accepted Answer

This describes the process of forfaiting, where the exporter receives cash at the time of shipment by selling their receivables to a forfaiter. The forfaiter takes on the risk of non-payment and the importer pays with bills of exchange or promissory notes guaranteed by a leading bank in their country.

___________ Provides the Exporter with Cash at the Time of the Shipment.The