The Bank That Is Responsible for Inspecting the Documents to Be

question 11

Multiple Choice

The bank that is responsible for inspecting the documents to be sure they are in order,remitting payment to the seller,and negotiating the documents to the buyer is called:

• A) issuing bank.
• B) negotiating bank.
• C) advising bank.
• D) lading bank.

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Definitions:

Majority Vote

A decision-making process where the choice receiving more than half of the votes wins.

Recreation Center

A facility that provides a variety of physical and social activities designed for enjoyment, relaxation, and the physical health of the community.

Logrolling

The act of trading support, particularly within the political arena, through mutual agreement to vote for each other's proposed bills.

Paradox Of Voting

The situation where individual rational choice leads to a situation where collective rational outcomes are not achieved, often resulting in the non-optimal allocation of resources.