alleryStart learning →What credit period does a typical forfaiting transaction extend to the importer?
A30 days at most
B90 days at most
C180 days to 7 years
DOver 15 years
Answer & Solution
Correct answer: C. 180 days to 7 years
Forfaiting credit runs for a period of between 180 days and seven years, which makes it medium term.
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