When Buying from a Supplier in France,LTD,based in Cleveland,Ohio,has Arranged

question 37

Multiple Choice

When buying from a supplier in France,LTD,based in Cleveland,Ohio,has arranged for its bank to pay the supplier the cost of the desired material when it has passed customs in the United States.Which of the following terms is this type of bank promise called?

• A) banker's acceptance
• B) bank trust service
• C) certified check
• D) letter of credit
• E) currency exchange agreement

---

Definitions:

Sample Work

The collection of physical or digital specimens that demonstrate an individual's skills, experience, or qualifications.

Hours Per Week

A measure of the amount of time, in hours, spent on a specific activity or work in one week.

Frequency Polygon

A graphical representation of the distribution of a data set, using a line graph to connect midpoints of intervals.

Bar Chart

A graphical representation of data using bars of different heights or lengths to show the values of various categories.