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    International Business Opportunities and Challenges Study Set 1
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    Exam 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage
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    A _____ Is a Payment on Behalf of a Payer
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A _____ Is a Payment on Behalf of a Payer

Question 60

Question 60

Short Answer

A _____ is a payment on behalf of a payer that is guaranteed by the issuing bank - a common method in Asia, but much less common in the United States.

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