In an Export\import Transaction Requiring a Letter of Credit (L\C),the

question 43

True/False

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

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Definitions:

Purchasing Power

Purchasing power refers to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Unemployment Rate

The indicator showing the part of the labor force that lacks jobs but is seeking employment actively.

Dividing

refers to the mathematical operation of partitioning a quantity into equal parts or groups.

Long-Term Trend

The persistent movement in data or a market's price, productivity, or other economic indicators over an extended period.