Question

Which of the following is an advantage of export credit insurance?

A. It gives a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents.

B. It protects exporters from the risk that the foreign importer will default on payment.

C. It puts the importer in a strong bargaining position.

D. It enables exporters to insist on a letter of credit.

E. It allows for a delay in payment.

Answer

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