Which of the Following Correctly States the Role of Banks

question 31

Multiple Choice

Which of the following correctly states the role of banks in import\export transactions involving a letter of credit (L\C) ?

• A)The importer's bank is the advising and\or confirming bank;the exporter's bank is the issuing bank.
• B)The exporter's bank is the advising and\or confirming bank;the importer's bank is the issuing bank.
• C)The exporter's bank is the advising,confirming,and issuing bank.
• D)The importer's bank is the advising,confirming,and issuing bank.
• E)none of the above

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Definitions:

Endorphins

Natural chemicals produced by the body that help to relieve pain and stress.

Dopamines

A type of neurotransmitter that plays a significant role in the brain's reward system and motor functions.

Acetylcholines

Naturally occurring neurotransmitters in the body that play a key role in transmitting nerve impulses across synapses.

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body.