

MCQOPTIONS
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1. |
Under forfaiting the client is able to get credit facility to the extent of ____________. |
A. | 100 % of the value of the export bill |
B. | 80% of the value of the export bill. |
C. | 75% of the value of the export bill |
D. | 90% of the value of the export bill |
Answer» B. 80% of the value of the export bill. | |