Which of the following is an advantage of export credit insurance?
A) It gives a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents.
B) It protects exporters from the risk that the foreign importer will default on payment.
C) It puts the importer in a strong bargaining position.
D) It enables exporters to insist on a letter of credit.
E) It allows for a delay in payment.

Question

Quizplus · Accepted Answer

Export credit insurance protects exporters from the risk of non-payment or default by foreign importers, which gives more security and confidence to exporters to expand their international trade.

Which of the Following Is an Advantage of Export Credit