Except for cash in advance, letters of credit afford the greatest degree of protection for the seller.

Name: Except for cash in advance, letters of credit afford the greatest degree of protection for the seller.
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

Letters of credit provide a high level of security for sellers as they ensure payment will be received as long as the terms of the letter of credit are met, making them second only to cash in advance in terms of seller protection.

Except for Cash in Advance, Letters of Credit Afford the Greatest