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CTP · Question #724
(Topic 8) An L/C in favor of a U.S. exporter is issued by a bank in an emerging-market country, and it is confirmed by the exporter's bank. What risk is reduced for the U.S. exporter?
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Question
- (Topic 8)
An L/C in favor of a U.S. exporter is issued by a bank in an emerging-market country, and it is confirmed by the exporter’s bank. What risk is reduced for the U.S. exporter?
Options
- ACredit risk
- BCurrency risk
- CRe-investment risk
- DValuation risk
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