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The President of your company is concerned with the risk of non-payment of foreign receivables. Write a memo to your president that answers the following.
- The President of your company is concerned with the risk of non-payment of foreign receivables. Write a memo to your president that answers the following.
- Give two alternatives to letters of credit and explain the shortcomings of each.
- What is a Bankers Acceptance and how is it related to a letter of credit. Give a detailed explanation.
- How can a bankers acceptance be beneficial to (a) an exporter? (b) an importer? (c) a bank?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
