A domestic importer ordering foreign merchandise from a specific supplier would probably obtain

Question

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A commercial letter of credit is the most appropriate instrument for a domestic importer ordering foreign merchandise from a specific supplier, as it provides assurance to the supplier that payment will be made once the goods have been received and accepted by the importer. A brokers' acceptance is a financial instrument used primarily in the securities market, and a traveler's letter of credit and travelers' checks are more appropriate for individual travelers rather than businesses importing goods.

A Domestic Importer Ordering Foreign Merchandise from a Specific Supplier