Letters of credit are used because:
A) Subsidiaries often have little capital
B) Profits are taxed differently in different countries
C) Contracts are difficult to enforce internationally
D) They prevent seizures by foreign governments

Name: Letters of credit are used because: A) Subsidiaries often have little capital B) Profits are taxed differently in different countries C) Contracts are difficult to enforce internationally D) They prevent seizures by foreign governments
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Question

Quizplus · Accepted Answer

The Answer is C

Letters of Credit Are Used Because