Letters of Credit Are Popular Among Traders Because the Risk

question 95

Multiple Choice

Letters of credit are popular among traders because the risk of non shipment are assumed by ________.

• A) distributors
• B) importers
• C) exporters
• D) banks

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Definitions:

Pollution Reduction

Efforts or strategies aimed at decreasing the amount of pollutants released into the environment.

Government Caps

Limits set by the government on the amount of a commodity or service that can be produced, sold, or used.

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollutants over a given time period.

Property Rights

Legal rights to use, control, and derive benefits from a resource or property, including the right to exclude others.