The Type of Letter of Credit That Can Be Split

question 19

Multiple Choice

The type of letter of credit that can be split up between many suppliers,each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit,is called:

• A) An irrevocable credit.
• B) A revolving credit.
• C) Standby credit.
• D) Transferable credit.

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Definitions:

Mandatory Reporting Guidelines

Set rules and protocols dictating the legal obligation of certain professionals to report cases of abuse, neglect, or exploitation to the appropriate authorities.

School Social Worker

A professional who works within educational environments to provide support, counseling, and resources to students and their families.

Community Collaboration

The process of different groups or individuals working together for a common goal within a community setting.

Family Outreach Specialist

A professional role focused on establishing and enhancing relationships between families and institutions, such as schools or community services, to support children's development.