Multiple Choice
Janet hires an export merchant to help expand her business internationally. After signing contracts with a foreign purchaser outlining the terms of sale and delivery, the exporter will send Janet's merchandise when
A) Janet's bank receives a letter of credit from the importer's bank.
B) it receives a letter of credit from Janet's bank.
C) its bank receives a draft from the importer's bank.
D) Janet receives a bill of lading.
E) the ultimate consumer sends a bill of lading to the exporter's bank.
Correct Answer:
Verified
Correct Answer:
Verified
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