Which of the Following Is a Disadvantage of Using a Letter

question 68

Multiple Choice

Which of the following is a disadvantage of using a letter of credit (L/C) ?

• A) A letter of credit does not give protection to the importer.
• B) A letter of credit does not give protection to the exporter.
• C) The exporter cannot avail pre-export financing when using a L/C.
• D) The importer must pay a bank fee for the letter of credit.

---

Definitions:

Union Democracy

The practice and principle of democratic governance within labor unions, including elections for leadership and decision-making by membership.

Change To Win

A federation of American labor unions that split from the AFL-CIO in 2005 to focus on union revitalization and organizing.

National Union

A labor union organization that represents the interests of workers across an entire country, often consisting of many local branches or sectors.

Democratic Methods

Approaches or processes that emphasize participation, inclusiveness, and equal opportunities for decision-making.