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62. Which of the following is an advantage of having a letter of credit? A. It allows payment for merchandise after its delivery. B. It

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62. 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

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