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:

Diverse Cultural Backgrounds

The presence and inclusion of individuals from a wide range of cultural, ethnic, and racial backgrounds within a group or organization.

Effective Leader

An individual who influences and guides others towards the achievement of goals through their vision, integrity, and ability to innovate and motivate.

Ethical Values

The set of moral principles and standards that guide behavior and decision-making based on notions of right and wrong.

Generations

Groups of people born and living around the same time, known for having shared experiences that shape their worldview.