Janet Hires an Export Merchant to Help Expand Her Business

question 172

Multiple Choice

Janet hires an export merchant to help expand her business internationally. After signing contracts with a foreign purchaser outlining the terms of sale and delivery, the exporter will send Janet's merchandise when

• A) Janet's bank receives a letter of credit from the importer's bank.
• B) it receives a letter of credit from Janet's bank.
• C) its bank receives a draft from the importer's bank.
• D) Janet receives a bill of lading.
• E) the ultimate consumer sends a bill of lading to the exporter's bank.