Kizspy | Question: 32 (Choose 1 answer)
What is the primary benefit of a letter of credit (LC) for seller?
A. To ensure that the importer receives the goods before payment is made.
B. To guarantee payment to the exporter upon proof of shipment.
C. To increase the creditworthiness of the importer by transferring it to the LC issuing bank.
D. To allow the exporter to ship goods without any guarantee of payment.
