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    Business
  3. Study Set
    International Financial Management
  4. Exam
    Exam 19: Financing International Trade
  5. Question
    Who Is Obligated to Make Payment Once Proof of Shipment
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Who Is Obligated to Make Payment Once Proof of Shipment

Question 18

Question 18

Multiple Choice

Who is obligated to make payment once proof of shipment of goods is documented in a letter of credit?


A) the exporter
B) the importer
C) the importer's bank
D) the importer's government

Correct Answer:

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