An Internationally Recognized Instrument Issued by a Bank on Behalf

question 40

Multiple Choice

An internationally recognized instrument issued by a bank on behalf of its client,the purchaser,which guarantees the bank will pay the seller is known as

• A) Payment in advance
• B) Letter of credit
• C) Documentary collection
• D) Consignments

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Definitions:

Abnormal Behavior

Actions, feelings, or thoughts that are atypical, significantly deviate from societal norms, and may impair functioning.

Major Depression

A mental condition characterized by an enduring depressed state or a loss of interest in once pleasurable activities, leading to significant disruption in daily living.

Symptoms

Observable signs or indications of a disease or disorder experienced by an individual.

Abnormal Behavior

Patterns of emotion, thought, or action deemed pathological for cultural, societal, or situational contexts, often causing distress or dysfunction.