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:

Fetch

The process by which a computer retrieves data or instructions from memory.

Nonvolatile Storage

Permanent storage, as in read-only memory (ROM).

RAM Memory

Volatile computer memory where data can be read and written, used for storing the operating system, application programs, and data in current use.

Read/Write Head

A component of a disk drive, such as a hard drive, that reads data from and writes data to the disk.