Multiple Choice
A ________ is an instrument issued by a bank or another person at the request of an account party that obliges the issuer to pay to a beneficiary a sum of money within a certain period of time upon the beneficiary's presentation of documents specified by the account party.
A) bill of lading
B) cashier's check
C) certificate of deposit
D) letter of credit
Correct Answer:
Verified
Correct Answer:
Verified
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