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:

Caution Signals

Warning indicators that suggest potential problems or risks that may require attention or action.

Sales Message

The core information communicated by a salesperson to persuade potential customers of the value and benefits of a product or service.

Neutral

A stance or position of impartiality or no bias towards either side in a discussion, competition, or conflict.

Territorial Trespassing

The act of entering or encroaching on a property or domain without the owner's or the authority's permission.