Miamma Ltd based in the UK. I has agreed to sell some goods to a buyer in

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Miamma Ltd based in the UK. I has agreed to sell some goods to a buyer in Zambia, HMLB Co Ltd. Miamma Ltd requires payment immediately but HIMLB Co Ltd needs a period of credit before making payment.

Which of the following is the method of payment that is best suited to both parties to this transaction?

A. Cash

B. Letter of credit

C. Export credit insurance

D. SWIFT transfer

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

See More Books

Posted Date: Sep 16, 2022 08:16 AM

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Miamma Ltd based in the UK. I has agreed to sell some goods to a buyer in

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Expert Answer:

C Export credit insurance Export Credit Insurance ECI is a form of insurance that protects an exp... View the full answer

Microeconomics

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