Which of the following is NOT an advantage to the importer of L/C financing?
A) any documents required are carefully inspected by clerks with years of experience
B) an L/C is almost as good as cash in advance
C) the importer using an L/C can usually command better credit terms and/or prices from the exporter
D) L/C financing is always cheaper than the alternative financing methods
Correct Answer:
Verified
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