Which of the Following Makes a Letter of Credit the Most

question 65

Multiple Choice

Which of the following makes a letter of credit the most popular method of payment in export transactions?

• A) the exporter cannot sell any letters of credit in its possession
• B) the method requires a limited amount of documentation and is easy to cancel
• C) the exporter bills customers with strong credit ratings
• D) the interests of the seller and buyer are protected simultaneously

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Definitions:

Common In Society

Widely found, accepted, or practiced within a society or community.

Discrimination

Unfair treatment of individuals based on their characteristics, such as race, age, gender, or sexuality, rather than individual merit.

Central Route

In the context of persuasion, it refers to a pathway of influencing attitudes by appealing to logic and reason, involving careful and thoughtful consideration of message content.

Peripheral Route

A mode of persuasion that occurs when someone evaluates a message based on superficial cues rather than the actual content of the message.