CIFFA Exam Sample Questions & Answers – Payments- 2
CIFFA Exam Sample Questions & Answers – Payment – 2 What are the main reasons why a letter of credit may be chosen as a form of International payment? Open account unsatisfactory, documentary collection unsatisfactory, foreign exchange issue in the importer’s country, political/economic instability, exporter’s request and fair/equal sharing of risk. Name some advantages of a letter of credit. The...