Which of the following is NOT an advantage to L/C?
A) eliminates credit risk
B) reduces uncertainty
C) stabilize production
D) advance payment

Name: Which of the following is NOT an advantage to L/C? A) eliminates credit risk B) reduces uncertainty C) stabilize production D) advance payment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

L/C does not involve advance payment. It is a form of payment made at a later agreed upon date after the receipt of goods or services.

Which of the Following Is NOT an Advantage to L/C