Post Utme Rsu 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice

Question 33 POST_UTME_RSU • 2020 • COMMERCE • objective

A company exports goods to a foreign country. The company uses a letter of credit to secure payment for the goods. Which of the following is a benefit of using a letter of credit?

Correct Answer A. It reduces the risk of non-payment

B. It increases the cost of doing business

C. It provides a guarantee of payment

D. It reduces the need for credit checks

Correct Answer

Correct Option:

It reduces the risk of non-payment

This is Post Utme Rsu 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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