The disadvantages of a letter of credit to the importer include
A) the exporter's reduced line of credit as a result of the letter of credit.
B) the fee charged by the exporter's bank for accepting the letter of credit.
C) the fee charged by the importer's bank for issuing the letter of credit.
D) All of the above.
Correct Answer:
Verified
Q30: The _ is the instrument normally used
Q32: Which of the following is NOT a
Q33: In a letter of credit, the bank
Q34: An exporter has just received a banker's
Q35: An instrument issued by a bank, at
Q38: Most drafts in international trade are "clean."
Q39: The person or company initiating the draft
Q39: A bill of exchange or draft drawn
Q40: A _ is issued to the exporter
Q41: What is the trade dilemma and how
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