Solved

Loans by an Exporter's Bank Based on the Security of a Documentary

Question 78

Multiple Choice

Loans by an exporter's bank based on the security of a documentary draft


A) are supported entirely by the strength of the importer.
B) are subject to the approval of the importer's bank.
C) are available only to exporters with strong credit ratings.
D) have not only the financial strength of the exporter to support them, but also that of the importer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions