Question: List and discuss the differences between Documentary Collections and Letters of Credits in detail, as examined in the course content, and class discussions. Identify the

List and discuss the differences between Documentary Collections and Letters of Credits in detail, as examined in the course content, and class discussions. Identify the various risks involved in these trade finance tools, and why the importer or exporter would prefer one method over the other method? Further, identify a Canadian firm that has utilized the services of EDC to their benefit. Further, discuss the service option used by the Canadian firm and why? I need your responses to be analytical and well structured.

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