To Constitute a True Letter of Credit Transaction, the Bank's

question 31

True/False

To constitute a true letter of credit transaction, the bank's L/C must contain a specified expiration date or a definite maturity.

---

Definitions:

Quantitative Research

The systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques.

Observations

The act of noticing and recording events, behaviors, or processes to gather information.

Qualitative Methods

Research methods that collect and analyze non-numerical data to understand concepts, thoughts, or experiences.

Interviews

A method of gathering information by asking questions verbally, commonly used in research, journalism, and employment selection processes.