menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 32: Nature of the Debtor-Creditor Relationship
  5. Question
    The Bank That Tells the Beneficiary That a Letter of Credit
Solved

The Bank That Tells the Beneficiary That a Letter of Credit

Question 19

Question 19

True/False

The bank that tells the beneficiary that a letter of credit has been issued is known as the correspondent bank.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: The amount of credit specified in a

Q4: The use of letters of credit arose

Q6: Suretyship and guaranty transactions have the common

Q10: Standby letters of credit are used only

Q15: Which of the following is correct concerning

Q18: The issuer of a letter of credit:<br>A)

Q23: Under an indemnity contract, one person pays

Q23: The issuer of a letter of credit

Q43: When a suretyship or guaranty contract is

Q44: An agreement under which one party agrees

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines