A Trust Receipt as Used in Financing International Transactions

Multiple Choice

A trust receipt as used in financing international transactions

A) is issued by bonded warehouses for merchandise stored therein.
B) allows the release of merchandise on a consignment basis by the bank that issued the letter of credit.
C) is evidence of ownership of funds held in escrow by the importer's bank.
D) is a negotiable instrument that trades freely in the money market.