Multiple Choice
Which of the following is a disadvantage of using a letter of credit (L/C) ?
A) A letter of credit does not give protection to the importer.
B) A letter of credit does not give protection to the exporter.
C) The exporter cannot avail pre-export financing when using a L/C.
D) The importer must pay a bank fee for the letter of credit.
Correct Answer:
Verified
Correct Answer:
Verified
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