Which of the Following Is NOT True Regarding a Letter

question 34

Multiple Choice

Which of the following is NOT true regarding a letter of credit?

• A) The importer and exporter agree on a transaction.
• B) The importer applies to its local bank for the issuance of a letter of credit.
• C) The exporter applies to its local bank for the issuance of a letter of credit.
• D) The importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer.

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Definitions:

Privatization

The transfer of ownership of property or businesses from the government to private individuals or organizations.

Deregulating Labor Law

The process of reducing government rules controlling how businesses can manage workers, aimed at making labor markets more flexible.

Unionization

The act or process of forming or joining a labor union, where workers unite to negotiate with employers over wages, hours, benefits, and other working conditions.

NLRA's Weaknesses

The deficiencies or limitations within the National Labor Relations Act, particularly in protecting workers' rights.