The Disadvantages of a Letter of Credit to the Importer

question 59

Multiple Choice

The disadvantages of a letter of credit to the importer include

• A) the exporter's reduced line of credit as a result of the letter of credit.
• B) the fee charged by the exporter's bank for accepting the letter of credit.
• C) the fee charged by the importer's bank for issuing the letter of credit.
• D) All of the above.

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Definitions:

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Organizations or facilities that offer various resources and support for career planning and job searching.

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