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    Business
  3. Study Set
    International Business Competing
  4. Exam
    Exam 16: Exporting, Importing, and Countertrade
  5. Question
    The Bank Promises to Pay on Behalf of the Importer
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The Bank Promises to Pay on Behalf of the Importer

Question 98

Question 98

True/False

The bank promises to pay on behalf of the importer when a bank is used as a third party in international transactions.

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