Business, 28.07.2021 01:00 yvette2003

Tuf-Enuf Steel, a rapidly growing company, is looking to buy a large industrial furnace from Thailand that is expected to cost $3 million. The exporter wants Tuf-Enuf Steel to produce a letter of credit, but its CFO is reluctant to do so. What disadvantage of letter of credits is the likely reason for the CFO's reluctance

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Tuf-Enuf Steel, a rapidly growing company, is looking to buy a large industrial furnace from Thailan...