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Which of the following offers a company the best assurance of being paid for exported goods:

a. a letter of credit
b. a "piggyback" arrangement
c. a swap
d. an in-house export organization
e. a certified check

User Curline
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1 Answer

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Final answer:

A letter of credit offers a company the best assurance of being paid for exported goods.

Step-by-step explanation:

The best assurance of being paid for exported goods is a letter of credit.

A letter of credit is a document issued by a bank on behalf of the buyer, guaranteeing payment to the seller upon meeting certain conditions. It provides a guarantee of payment to the seller, as the bank assumes the responsibility.

For example, if a company exports goods to a buyer in another country, the buyer's bank issues a letter of credit to the seller's bank, promising to pay for the goods once they are delivered as per the agreed terms. This ensures that the seller will receive payment for the exported goods.

User AdrienTorris
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