Multiple Choice
Which of the following is NOTan advantage to the importer of L/C financing?
A) any documents required are carefully inspected by clerks with years of experience
B) an L/C is about as good as cash in advance
C) the importer using an L/C can usually command better credit terms and/or prices
D) L/C financing may be cheaper than the alternatives
E) all of the above are advantages of the L/C to the importer
Correct Answer:

Verified
Correct Answer:
Verified
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