Post Utme Covenant University 2024 Commerce Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2024 Commerce Objective / Multiple Choice

Question 25 POST_UTME_COVENANT_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering the use of a letter of credit to facilitate an international trade transaction. Which of the following is a key benefit of this arrangement?

Answer Options

Correct Answer A. Reduced risk of non-payment

B. Improved cash flow

C. Increased flexibility

D. Enhanced customer service

Correct Answer

Correct Option:

Reduced risk of non-payment

About This Question

This is Post Utme Covenant University 2024 Commerce Question 25. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.

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