In the case of international trade the risk of nonpayment, Ask an Expert

Economics

In the case of international trade, the risk of nonpayment is essentially eliminated with the use of a letter of credit issued through a trustworthy bank. Explain the difference between a trustworthy and a non-trustworthy bank. Hint: This question can relate to political and Sovreign issues as well as commercial issues.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91960156

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