International Financial Institutions and Trade Finance

This is a Group term project and I only need to response one question (below) 4-Discuss the different methods of international payment and outline why you choose the letter of credit (The different methods of international payment are: -Cash in Advance -Letters of Credit -Documentary Collections -Open Account -Consignment and continue outline and explain why to choose the letter of credit) For the explanations of why choosing a letter of credit, should make an example related to The exporter and buyer (importer)  Please complete with 2-3 pages thank you.

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