Q:Question:Exporter of expensive electronic equipment, you have a substantial investment in the merchandise that you ship. Your foreign importers are typically small or medium-size firms without a long history of operations. Although your terms of sales require payment upon receipt of the merchandise, you are concerned about the possible problem of nonpayment and the need to reclaim merchandise that you have shipped. How might the banking system assist andA:Answer:A Letter of Credit (LC) would ensure that the sell...