Which of the following is the most important advantage of letter of credit financing?
A) it eliminates credit risk
B) it reduces the danger that payment will be delayed
C) it facilitates financing
D) it reduces the uncertainty that the exporter and importer will not perform according to their agreement
Correct Answer:
Verified
Q1: When factoring is done on a nonrecourse
Q3: An exporter shipping goods to a nation
Q4: Why is Ex-im Bank financing often referred
Q5: The document in international trade that may
Q6: The document in international trade that contains
Q7: Which one of the following is an
Q8: Which of the following payment methods provides
Q9: The only U.S.agency dedicated solely to financing
Q10: Of all shipping documents,which of the following
Q11: When a letter of credit is unconfirmed,the
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