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Two days ago, Citibank furnished Walmart with a letter of credit and documentations for a banker's acceptance so that Walmart could import USD 25 million
Two days ago, Citibank furnished Walmart with a letter of credit and documentations for a banker's acceptance so that Walmart could import USD 25 million worth of Brie from a cheesemaker in France. In this instance, Citibank was performing the function of ____________________.
Group of answer choices:
a)minimizing foreign exchange risk
b)international investment banking
c)transferring purchasing power
d)financing international inventory in transit
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