True or false: In a documentary collection, the remitting bank is the agent of the importer.

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 02:34 AM

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True or false: In a documentary collection, the remitting bank is the agent of the importer.

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False in a documentary collection the exporter uses a remitting bank as its agent to collect the pay...View the full answer

International Financial Management

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