How is a documentary credit created, and what are its advantages to exporters and importers?
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Documentary credits DCs are designed to solve the problems caused by the fact that importers and exporters want to pay and be paid at different times Documentary credits also provide a way for exporte...View the full answer
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Related Book For
International Financial Management
ISBN: 978-0132162760
2nd edition
Authors: Geert Bekaert, Robert J. Hodrick
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