Economics · Trade Finance
Which of the following statements about forfaiting are correct? 1. Forfaiting provides 100% financing without recourse, freeing the exporter from repayment responsibility. 2. Forfaiting increases administrative costs for exporters by requiring them to manage receivables. 3. Forfaiting helps exporters avoid risks such as credit risk, currency risk, and political risk.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1 and 2 are correct
- 2Only 2 and 3 are correct
- 3Only 1 and 3 are correct✓
- 4All 1, 2, and 3 are correct
Correct answer
Only 1 and 3 are correct
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