Multiple Choice
A letter written by a company's bank to the company's foreign supplier, stating that the bank will guarantee payment of an invoiced amount if all the underlying agreements are met is called ________.
A) a letter of invoice
B) a letter of intent
C) a letter of credit
D) commercial paper
Correct Answer:
Verified
Correct Answer:
Verified
Q12: A _ guarantees the borrower that a
Q13: 1/15 net 30 date of invoice translates
Q14: Self-liquidating loans are intended merely to carry
Q15: A firm purchased goods with a purchase
Q16: Fixed assets are the most desirable short-term-loan
Q18: Commitment fee is the fee that is
Q19: Commercial paper issues have maturities ranging from
Q20: Compensating balance is a checking account balance
Q21: As part of a union negotiation agreement,
Q22: The cost of giving up a cash