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Consider an exporter that ships products to an importer on credit. The exporter needs funds immediately, so it obtains a loan from a bank using

Consider an exporter that ships products to an importer on credit. The exporter needs funds immediately, so it obtains a loan from a bank using the account receivable as collateral. This reflects: a. accounts receivable financing. b. forfaiting. c. factoring. d. a letter of credit.

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