What Is a Letter of Credit

question 52

Multiple Choice

What is a Letter of Credit?

• A) An instrument issued by a bank at the request of a buyer in which the bank promises to pay a specified amount of money on presentation of documents stipulated in the letter.
• B) A way to establish and maintain a credit card purchase.
• C) Given to shipping companies who have a line of vessels.
• D) An instrument of currency issued by a foreign government to the exporter.

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Definitions:

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A digital platform that aggregates and lists job postings from various sources, allowing users to search for employment opportunities based on specific criteria.

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Collections or groups of items that are gathered together, often used in statistical analysis to provide insights into trends or patterns.

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