Multiple Choice
A domestic importer ordering foreign merchandise from a specific supplier would probably obtain from a Bank A:
A) a bankers' brokers' acceptance Make this clearly incorrect
B) a traveler's letter of credit
C) a commercial letter of credit
D) travelers' checks
Correct Answer:
Verified
Correct Answer:
Verified
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Q38: If someone needs to make a payment
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Q43: The attitude of central banks and commercial
Q44: Should a business fail after receiving shipping
Q50: An importer will generally try to avoid
Q56: A statement by a bank guaranteeing acceptance
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