Why have the use of standby credit letters grown in recent years? Answer The growth of bank loans sought by companies in recent years The decreased demand for risk reduction devices The high cost of standby credit letters in recent years The rapid growth of direct financing by companies All of the above

Why have the use of standby credit letters grown in recent years?
Answer

		The growth of bank loans sought by companies in recent years
		The decreased demand for risk reduction devices
		The high cost of standby credit letters in recent years
		The rapid growth of direct financing by companies
		All of the above

Answer
The rapid growth of direct financing by companies