Multiple Choice
A/An ______________ L/C is the obligation of only the issuing bank.
A) confirmed
B) transferable
C) unconfirmed
D) irrevocable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q57: Private sources of export financing include private
Q58: A revolving letter of credit<br>A) automatically renews.<br>B)
Q59: Financing through equity markets can be realized
Q60: Most L/Cs issued in connection with commercial
Q61: An example of a/an _is if a
Q63: Foreign bonds that are sold in the
Q64: If a company has several subsidiaries in
Q65: The post-transaction stage establishes systems to track,
Q66: The _ is a payment mechanism that
Q67: Which of the following is accurate for