Multiple Choice
Which of the following is an advantage of having a letter of credit?
A) It allows payment for merchandise after its delivery.
B) It facilitates an exporter to obtain pre-export financing.
C) It allows an exporter to get a higher price for his or her goods.
D) It helps exporters incur lower shipping costs.
E) It does not require the importer to pay any fee.
Correct Answer:
Verified
Correct Answer:
Verified
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