In a Letter or Credit, the _______ Will Be the Drawer

question 25

Multiple Choice

In a letter or credit, the _______ will be the drawer of the drafts that will be drawn under a letter of credit.

• A) correspondent bank.
• B) issuer.
• C) beneficiary.
• D) advising bank.

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Definitions:

Free Association

a psychoanalytic technique in which a patient speaks freely about whatever thoughts or images come to mind, allowing for the exploration of the unconscious.

Psychoanalysis

A therapeutic technique and theory developed by Sigmund Freud that aims to explore the unconscious mind to resolve psychological conflicts and issues.

Reaction Formation

A psychological defense mechanism where an individual behaves in a way opposite to their actual feelings.

Behavioral Consistency

The tendency for people to behave in the same way in different situations, reflecting the stable traits or dispositions of their personality.