Which of the Following Is an Advantage of Having a Letter

question 45

Multiple Choice

Which of the following is an advantage of having a letter of credit?

• A)It allows payment for merchandise after its delivery.
• B)It facilitates an exporter to obtain pre-export financing.
• C)It allows an exporter to get a higher price for his or her goods.
• D)It helps exporters incur lower shipping costs.
• E)It does not require the importer to pay any fee.

---

Definitions:

Formal Group

A group formed with a specific purpose or task in mind, often structured and organized within businesses or institutions.

Linchpin Role

A crucial position within an organization or process, essential for its successful operation and stability.

Virtual Teams

Teams that operate and collaborate primarily through electronic communications technology rather than face-to-face interactions.

Direct Personal Contact

Refers to face-to-face or one-on-one interactions between individuals without the intermediary of technology or other mediums.