If an Issuer Requests Its Correspondent Bank Where the Beneficiary

question 51

Multiple Choice

If an issuer requests its correspondent bank where the beneficiary is located to notify the beneficiary of the issuance of a letter of credit, the correspondent bank is called a(n) :

• A) advising bank.
• B) foreign bank.
• C) consulting bank.
• D) coissuer.

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Definitions:

Routine Replies

Standardized responses used to address common inquiries or situations in customer service and communication.

Positive Messages

Communications that convey optimistic, encouraging, or affirmative information or sentiments.

Routine Message

Regular, everyday communications that convey standard information in business or personal contexts.

Complete Explanation

Providing thorough and comprehensive details that leave no aspect of a topic or question unaddressed.