Which of the following offers a company the best assurance of being paid for exported goods?
A)a letter of credit
B)a "piggyback" arrangement
C)a swap
D)an in-house export organization
E)a certified check

Question

Quizplus · Accepted Answer

A letter of credit offers the best assurance of being paid for exported goods because it is a commitment by a bank on behalf of the buyer that payment will be made to the exporter, provided that the terms and conditions stated in the letter of credit are met.

Which of the Following Offers a Company the Best Assurance