Question: Moving to another question will save this response. uestion 5 In effect, the commercial letter of credit enables the importer to substitute the bank's financial

Moving to another question will save this response. uestion 5 In

Moving to another question will save this response. uestion 5 In effect, the commercial letter of credit enables the importer to substitute the bank's financial strength for his or her own. shift the burden of financing the transaction to the exporter. borrow from his or her bank on the basis of merchandise importer. have ample of time to sell the imported merchandise and meet payment obligations

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