Which of the Following Is NOT True Regarding a Letter

question 34

Multiple Choice

Which of the following is NOT true regarding a letter of credit?

• A) The importer and exporter agree on a transaction.
• B) The importer applies to its local bank for the issuance of a letter of credit.
• C) The exporter applies to its local bank for the issuance of a letter of credit.
• D) The importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer.

---

Definitions:

Peritoneal Dialysis Catheter

A tube placed in the abdomen for the purpose of performing peritoneal dialysis, a procedure that cleanses the blood of a person whose kidneys are not functioning properly.

Stage 3 CKD

Chronic Kidney Disease at stage 3, characterized by moderate kidney damage.

Kidney Donor

An individual who donates one of their kidneys to another person with renal failure needing a transplant.

Lower Urinary Tract Infection

An infection in the lower portion of the urinary system, typically involving the bladder or urethra.