A Chinese Exporter Could Collect Its Accounts Receivable from the Bank

question 30

Multiple Choice

A Chinese exporter could collect its accounts receivable from the Bank of China if the Bank of China had confirmed the letter of credit issued by Citibank, and Citibank, for whatever reason, failed to honor its ________________ letter of credit.

• A) confirmed
• B) unconfirmed
• C) transferable
• D) irrevocable

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Definitions:

Primary Circular Reactions

The repetition of actions that first occurred by chance and that focus on the infant’s own body.

External Environment

All outside factors and influences that affect the development, behavior, and survival of an organism or organization.

Angular Gyrus

A region of the brain located in the parietal lobe that is involved in processing language, numbers, and spatial cognition, among other functions.

Visual Information

Data that is perceived or interpreted through the sense of sight, including images, symbols, and visual cues.