Describe what is meant by the virtualization of traditional trade finance instruments.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
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Problem 33RQSC
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Describe what is meant by the virtualization of traditional trade finance instruments.
Transcribed Image Text:Describe what is meant by the virtualization of traditional trade finance instruments.
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