An Exporter Has to Forgo a Letter of Credit When

question 118

Multiple Choice

An exporter has to forgo a letter of credit when:

• A)competing exporters also require letters of credit.
• B)the importer is facing stiff competition from other importers.
• C)the exporter is a dominant player in a noncompetitive market.
• D)the importer is in a strong bargaining position.
• E)he or she knows that the importer will default on payment.

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Definitions:

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