Post Utme Igbinedion University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A company's foreign trade involves the importation of raw materials from a foreign country. If the company uses a letter of credit (L/C) to finance the importation, what type of risk is the company most likely to be exposed to?

Answer Options

A. Commercial risk
B. Country risk
C. Transfer risk
Correct Answer D. Payment risk
Correct Answer
D
Correct Option:
Payment risk

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support