Which of the following statements is least accurate?
1. Documentary letters of credit are a common form of international payment because both the buyer and the seller are afforded some protection.
2. Billions of dollars move around the globe every day.
3. The use of cyberbanking, smart cards, prepaid phone, debit, credit, and gifts cards, and other similar methods suggest that the amount of money moving around the world will increase in the future.
4. Hawala systems facilitate the transfers of money between individuals with no record of the transaction.