3 If the credit is expressed in a foreign currency the ability to discount as shown in...

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3 If the credit is expressed in a foreign currency the ability to discount as shown in (2) reduces the period of exchange risk to the beneficiary and may also enable him to escape a rise in interest rates.

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Finance Of International Trade

ISBN: 9780750659086

1st Edition

Authors: Eric Bishop

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Question Posted: Oct 18, 2024 09:00 AM

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3 If the credit is expressed in a foreign currency the ability to discount as shown in...

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Finance Of International Trade

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