Which of the following is not true of forfaiting?______.A.Forfaiting is a form. of trade f
Which of the following is not true of forfaiting?______.
A.Forfaiting is a form. of trade finance with recourse.
B.Forfaiting is the act of purchasing an exporter's receivables (the amount the importer owes the exporter) at a discount by paying cash.
C.The forfaiter takes over the buyer risk.
D.The purchase is usually guaranteed by a bank in the buyer's country.