A letter of credit may reduce an importer’s ability to borrow funds fo
QUESTION
A letter of credit may reduce an importer’s ability to borrow funds for other purposes
Indicate whether the statement is true or false.
ANSWER
TRUE
A letter of credit has some drawbacks for an importer. Since the letter of credit is a financial liability against an importer, it may reduce the ability to borrow funds for other purposes
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.