Multiple Choice
Which of these allows the bank issuing a letter of credit to modify the terms of the letter only after obtaining the approval of both exporter and importer?
A) Revocable letter of credit
B) Confirmed letter of credit
C) Bill of lading
D) Irrevocable letter of credit
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Barter is _.<br>A) countertrade whereby one company
Q46: As companies expand their activities to include
Q47: Which of these is the oldest known
Q48: Export/import financing in which a bank acts
Q49: A(n) _ is the institutional arrangement by
Q51: A letter of credit _ the importer's
Q52: A(n) _ is the institutional arrangement by
Q53: Because _ take ownership of the merchandise
Q54: A relationship whereby two or more entities
Q55: Under the stipulations of a(n) _, one