A Letter of Credit That Is Confirmed in the ________

question 51

Multiple Choice

A letter of credit that is confirmed in the ________ country has the additional advantage of eliminating the problem of ________.

• A) exporter's; portfolio risk
• B) importer's; blocked foreign exchange
• C) exporter's; blocked foreign exchange
• D) none of the above

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Definitions:

Cephalothorax

A body region found in certain arthropods, including spiders and crustaceans, that combines the head and the thorax into one unit.

Fangs

Long, pointed teeth typically found in venomous snakes used to inject venom, or in some mammals for grasping and tearing.

Deuterostome

Group of coelomate animals in which the second embryonic opening is associated with the mouth; the first embryonic opening, the blastopore, is associated with the anus.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in all embryonic and some adult chordate animals.