An exporter has to forgo a letter of credit when: A. competing export

QUESTION

An exporter has to forgo a letter of credit when:

A. competing exporters also require letters of credit.

B. the importer is facing stiff competition from other importers.

C. the exporter is a dominant player in a noncompetitive market.

D. the importer is in a strong bargaining position.

E. he or she knows that the importer will default on payment.

ANSWER

D