Which of the following is not true of forfaiting? ______.A.Forfaiting is a form. of trade
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 forfeiter takes over the buyer risk
D.The purchase is usually guaranteed by a bank in the buyer's country