Which of the following provides the exporter with a complete financial package that combines credit protection,accounts-receivable bookkeeping,and collection services to take away many of the challenges that come with doing business overseas?
A) Forfaiting
B) Factoring
C) Invoice discounting
D) Leasing

Question

Quizplus · Accepted Answer

Factoring provides the exporter with a complete financial package that includes credit protection, accounts-receivable bookkeeping, and collection services to take away many of the challenges that come with doing business overseas. Forfaiting involves the sale of a long-term receivable at a discount to a forfaiter, while invoice discounting is a financing solution based on the value of a company's accounts receivable. Leasing involves the use of an asset for a specific period in exchange for regular payments.

Which of the Following Provides the Exporter with a Complete