The Term "Forfaiting

Multiple Choice

The term "forfaiting":

A) means relinquishing, waiving, yielding, and penalty.
B) is a type of long-term trade financing used to finance the purchase of capital goods.
C) involves the sale of promissory notes signed by the exporter in favor of the importer, who might sell the notes at a discount from face value.
D) is a type of medium-term trade financing used to finance the sale of capital goods.