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An American exporter ships goods to an Indonesian importer and mails the shipping documents to a collecting bank, which obtains payment from the importer in
An American exporter ships goods to an Indonesian importer and mails the shipping documents to a collecting bank, which obtains payment from the importer in exchange for the documents. What financial instrument is being employed in this situation?A Performance bondB Deferred payment letter of creditC Transferable letter of creditD Documentary collection
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