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.

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Definitions:

Core Traits

Fundamental personality characteristics that are believed to be relatively stable and consistent across various situations.

Psychodynamic Approach

A psychological perspective that examines how unconscious processes and childhood experiences influence behavior and mental states.

Quantitative Science

A scientific approach that focuses on quantifying phenomena through numerical data and statistical methods.

Public Speaking

The act of delivering a speech or presentation in front of a live audience with the goal of informing, persuading, or entertaining.