A confirmed letter of credit

A confirmed letter of credit

Assignment Help Financial Management

Reference no: EM131503249

1. A Forfait transaction Select one:

a. is a letter of credit sale

b. is export credit insurance

c. is a sale without recourse

d. is a draft

2. A confirmed letter of credit

a. eliminates sovereign risk for the seller

b. is like a registered letter

c. covers foreign exchange exposure

d. none of the above

Reference no: EM131503249

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