The Term _____ Refers to a Situation in Which an Exporter

Multiple Choice

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank) that will pay the exporter immediately and then collect the full amount from the importer at the later date.

A) free on board
B) goodwill
C) factoring
D) flight capital
E) cash in advance