Economics · Documentary Credit
Which of the following is NOT a primary benefit of using documentary credit in international trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Provides a secure payment mechanism
- 2Low cost with minimal administrative efforts✓
- 3Builds trust between buyer and seller
- 4Mitigates payment and delivery risks
Correct answer
Low cost with minimal administrative efforts
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