Which of the Following Is Not True Regarding Letters of Credit

question 14

Multiple Choice

Which of the following is not true regarding letters of credit?

• A)A letter of credit is a written commitment by the importer's bank on the importer's behalf promising to pay the exporter when it presents documents showing that the products have been shipped.
• B)The letters of credit used in international trade are irrevocable.
• C)Letters of credit guarantee that the products shipped are the products purchased.
• D)All of the above are true.

Identify the role of social class, race, and ethnicity in family dynamics.

Examine the process of socialization within the family context.

Comprehend the legal and social definitions of marriage and family.

Discuss the changing trends in family forms and household arrangements.

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Definitions:

Discretionary Order

An order given to a broker allowing them discretion on the execution timing and price of a trade, within certain pre-established parameters.

Limit Order

An order to buy or sell a security at a specific price or better.

Maximum Possible Loss

The worst-case scenario loss that an investment or portfolio could suffer during a specified period.

Short 100 Shares

The action of selling 100 shares of stock that one does not own, betting that the stock's price will decline and it can be repurchased at a lower price for a profit.