A Letter of Credit That Is Confirmed in the ________

question 51

Multiple Choice

A letter of credit that is confirmed in the ________ country has the additional advantage of eliminating the problem of ________.

• A) exporter's; portfolio risk
• B) importer's; blocked foreign exchange
• C) exporter's; blocked foreign exchange
• D) none of the above

---

Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used by companies to manage liquidity and ensure sufficient cash on hand.

Control Purposes

The use of various management and accounting mechanisms to monitor, manage, and optimize the performance and efficiency of an organization.

Sales Forecasts

Sales forecasts are predictions of future sales volumes, often based on historical sales data, market analysis, and anticipated market changes.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash flow.