Which of the Following Incorrectly States the Role of Banks

question 9

Multiple Choice

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

• A)The exporter's bank is the advising and\or confirming bank.
• B)The importer's bank is the advising and\or confirming bank.
• C)The importer's bank is the advising,confirming,and issuing bank.
• D)The exporter's bank is the advising,confirming,and issuing bank.
• E)The importer's bank is neither advising nor confirming bank.

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Definitions:

Crime Rates

The number of crimes reported in a given area over a specified period of time, often used as a statistical measure to identify trends or patterns in criminal activity.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Differential Associations Theory

A theory in criminology suggesting that individuals learn deviant behavior from those close to them who provide models of and opportunities for deviance.

Pick-Pocketing

The act of stealthily stealing wallets or other valuables from the pockets or bags of others.