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:

Cultural Capital

The accumulation of knowledge, behaviors, and skills that one can tap into to demonstrate one's cultural competency and social status.

Power Relations

The dynamics of power between individuals or groups, including how power is distributed, exercised, and resisted in social interactions.

Academia

The community involved in higher education and research, often associated with colleges and universities.

Industry And Business

The sectors of the economy dealing with the production, distribution, and sale of goods and services.