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Which of the following is NOT an advantage to the exporter of L/C financing? Select one: A. an L/C eliminates credit risk if the bank
Which of the following is NOT an advantage to the exporter of L/C financing? Select one: A. an L/C eliminates credit risk if the bank that opens it is of undoubted standing B. an L/C reduces the danger that payment will be delayed or withheld due to exchange controls or other political acts C. payment is only in compliance with the L/C's stipulated conditions D. an L/C guards against pre-shipment risks
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