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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.