Solved

A Statement by a Bank Guaranteeing Acceptance and Payment of a Draft

Question 56

Multiple Choice

A statement by a bank guaranteeing acceptance and payment of a draft up to a stated amount is called a(n)

A) bill of exchange.
B) commercial letter of credit.
C) time draft.
D) documentary draft.

Related Questions

Q51: A draft and a bill of exchange

Q52: Traveler's letters of credit are<br>A) issued by

Q53: The World Bank is also called the

Q54: The exchange value of the U.S. dollar

Q55: In the field of foreign trade, the

Q57: The _ shows the flow of income

Q58: Key factors that influence currency exchange rates

Q59: Under conditions of purchasing power parity (PPP),

Q60: Which of the following statements is most

Q61: A document given by a transportation company