Inconvertible currencies and cash-short customers can kill an international sale if the seller cannot offer long-term financing.Unless the company has large cash reserves to finance its customers,a deal may be lost.One way to solve this problem is a financing technique called forfaiting.

Question

Quizplus · Accepted Answer

The passage states that inconvertible currencies and cash-short customers can jeopardize international sales if the seller cannot provide long-term financing. It suggests that forfaiting can be a solution to this issue.

Inconvertible Currencies and Cash-Short Customers Can Kill an International Sale