Which of the Following Is Not an Advantage to the Exporter

question 3

Multiple Choice

Which of the following is not an advantage to the exporter of L/C financing?

• A) an L/C eliminates credit risk if the bank that opens it is of undoubted standing
• B) an L/C reduces the danger that payment will be delayed or withheld due to exchange controls or other political acts
• C) payment is only in compliance with the L/C's stipulated conditions
• D) an L/C guards against pre-shipment risk such as order cancellation

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Definitions:

Basic Needs

Fundamental requirements necessary for individuals to live in a minimal level of comfort, usually including food, water, shelter, and clothing.

Minimal Injury

The least amount of physical harm caused to a person or entity, often considered in legal contexts.

Self-Determination

The principle that individuals or groups have the right to make their own choices and control their own lives without external coercion.

NASW Code

A set of guidelines set by the National Association of Social Workers to outline the ethical responsibilities and standards of the profession.