In Which of the Following Forms of Export Financing Does

Multiple Choice

In which of the following forms of export financing does a bank assume a financial obligation?

A) with an L\C but not a documentary collection
B) with a documentary collection but not an L\C
C) neither an L\C nor a documentary collection requires a bank to assume financial obligation
D) with either an L\C or a collection letter
E) with both an L\C and a documentary collection