Which of the Following Correctly States the Role of Banks

question 31

Multiple Choice

Which of the following correctly states the role of banks in import\export transactions involving a letter of credit (L\C) ?

• A)The importer's bank is the advising and\or confirming bank;the exporter's bank is the issuing bank.
• B)The exporter's bank is the advising and\or confirming bank;the importer's bank is the issuing bank.
• C)The exporter's bank is the advising,confirming,and issuing bank.
• D)The importer's bank is the advising,confirming,and issuing bank.
• E)none of the above

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Definitions:

Visual Field

The total area in which objects can be seen in the peripheral vision while the eye is focused on a central point.

Sex Hormones

Chemical substances produced by the body that regulate sexual development, behavior, and reproduction.

Reproduction

The biological process by which new individual organisms are produced from their parents.

Neurotransmitters

Chemicals released by neurons that transmit signals across a synapse from one neuron to another.