A Red Clause in a Letter of Credit Is a Promise

question 55

True/False

A red clause in a letter of credit is a promise by the advising bank to reimburse the seller's bank for loans made to the seller.

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Definitions:

Albert Mehrabian

A psychologist known for his theories on the relative importance of verbal and non-verbal messages in human communication.

Functions

In mathematics, a relation between a set of inputs and a set of permissible outputs, often defining what output is assigned to a particular input.

Gestures

Physical actions or movements of the body that express ideas, intentions, or feelings.

Displays

Devices or presentations used to show, exhibit, or present information or items visually.