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    Business
  3. Study Set
    Global Business Today Study Set 6
  4. Exam
    Exam 14: Exporting, Importing, and Countertrade
  5. Question
    A Bill of Lading Can Function as Collateral Against Which
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A Bill of Lading Can Function as Collateral Against Which

Question 89

Question 89

True/False

A bill of lading can function as collateral against which funds are advanced to the exporter by its local bank before final payment by the importer.

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