Which of the Following Is a Major Advantage of Using

question 71

Multiple Choice

Which of the following is a major advantage of using a letter of credit?

• A) It gives the importer time to resell the merchandise before payment.
• B) It guarantees the exporter preexport financing.
• C) It helps international traders engage in trade with trust.
• D) It guarantees the importer extra funds for other purposes.

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Definitions:

Lengthy Unemployment

An extended period during which an individual is without a job and actively seeking work.

Organizational Plan

A structured outline or strategy designed to achieve specific goals within an organization.

Good Information

Accurate, useful, and relevant data or facts that can aid in decision-making or understanding a topic.

Skills And Abilities

The competencies and capabilities that an individual possesses, which enable them to perform tasks effectively.