True/False
A confirmed irrevocable letter of credit is issued by the importer's bank and confirmed by a bank usually in the exporter's country.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q103: A(n) _ places orders on behalf of
Q104: Combination export managers operate on a fixed-price
Q105: Direct exporting leads to low customer loyalty.
Q106: A shipment that is held by the
Q107: The World Bank publishes the World Development
Q109: Data for grouping along macroeconomic criteria are
Q110: INCOTERMS is an acronym for _.
Q111: The second pillar of the export transaction
Q112: When import duties are paid, the _
Q113: _ duties are duties that are assessed