Multiple Choice
Which of the following is an advantage of the letter of credit system to the exporter?
A) Payment for merchandise only after delivery is made
B) Facilitates obtaining of preexport financing
C) Higher price is obtained for goods
D) Lower shipping costs are incurred
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q62: It often makes sense to enter a
Q63: Once accepted,a time draft becomes a(n):<br>A)asset for
Q64: The United Nations has calculated that the
Q65: Unlike their German and Japanese competitors,many U.S.firms
Q66: A program in which department representatives accompany
Q68: When a time draft is drawn on
Q69: Saudi Arabia agreed to buy ten 747
Q70: The firm that enters many markets at
Q72: Which of the following is one of
Q109: What is the difference between a sight