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    Business
  3. Study Set
    Global Business Connecting Theory
  4. Exam
    Exam 10: Managing Money
  5. Question
    When a Letter of Credit Is Used, a Draft Is
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When a Letter of Credit Is Used, a Draft Is

Question 4

Question 4

Multiple Choice

When a letter of credit is used, a draft is drawn to __________.


A) the importer
B) the exporter
C) the issuing bank of L/C
D) the carrier (shipping company)

Correct Answer:

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