Economics · International Finance
Which of the following is true regarding 'forfaiting' in trade finance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is used exclusively by government agencies
- 2It is a form of direct equity investment
- 3Export receivables are purchased by the forfaiter on a without-recourse basis✓
- 4It involves short-term domestic credit sales only
Correct answer
Export receivables are purchased by the forfaiter on a without-recourse basis
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