menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Business Study Set 4
  4. Exam
    Exam 17: Appendix B: Export and Import Practices
  5. Question
    The Concept of the L/C Is a Simple One,the Bank
Solved

The Concept of the L/C Is a Simple One,the Bank

Question 6

Question 6

True/False

The concept of the L/C is a simple one,the bank as intermediary between buyer and seller.In fact,though,a simple irrevocable L/C requires five steps to clear payment.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: What rationales do U.S.nonexporting firms often offer

Q2: Why do companies not export?<br>A) They do

Q5: When the seller makes goods available at

Q7: The Incoterm for the situation where the

Q9: Most of what is contained in a

Q10: Of the 12 most common mistakes and

Q11: Identify and explain the different Incoterms.

Q18: Once a firm determines that a market

Q47: The export marketing plan is essentially the

Q76: Which of the following is the most

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