Short Answer
A ______ letter of credit is a confirmation made by a correspondent bank in the seller's country by which it agrees to honor the issuing bank's letter of credit.
Correct Answer:

Verified
confirmed
Explanation: A confi...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
Explanation: A confi...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q42: What is an export license?<br>A) Permission from
Q85: Ex-Works is a short way to say:<br>A)
Q144: Which of the following is not part
Q145: Many nations,especially those of Latin America,follow the
Q146: Which of the following is the least
Q148: Of the 12 most common mistakes and
Q149: With which of the following payment mechanisms
Q150: In the area of shipment risk,ocean vessels
Q151: Collection documents are<br>A) for debt carried in
Q154: Often small exporters don't consider the use