The Type of Letter of Credit That Can Be Split

question 28

Multiple Choice

The type of letter of credit that can be split up between many suppliers,each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit,is called:

• A) an irrevocable credit.
• B) a revolving credit.
• C) standby credit.
• D) transferable credit.

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Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

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Initiatives and support systems provided by employers to promote health and well-being among their staff.

Healthy Habits

Practices or behaviors that are conducive to maintaining or improving one's physical and mental health.

Corporate Reputation

The collective perceptions and evaluations of a company's actions and its ability to meet stakeholders' expectations over time.