Which of the Following Statements Is Most Correct

question 146

Multiple Choice

Which of the following statements is most correct?

• A)The benefits of international specialization of effort are so great that a nation should pursue such a policy irrespective of the policies of other nations.
• B)Arbitrage in the international exchange market has the unfortunate effect of creating instability in exchange rates.
• C)The trust receipt is used by a bank in releasing shipping documents to a customer when the bank wishes to retain title to the merchandise.
• D)The bankers' acceptance and the commercial letter of credit involve three principal parties: the importer,the importer's bank,and the exporter.

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