Which of the Following Is (Are) True Concerning the UCP

question 31

Multiple Choice

Which of the following is (are) true concerning the UCP?

• A) The UCP is a standardized set of rules in virtually all nations.
• B) Because the UCP was drafted by the ICC and is recognized in most states, it automatically governs international letters of credit.
• C) The UCP will govern a letter of credit only if its provisions are incorporated into the letter of credit by reference.
• D) A and C only.
• E) A and B only.

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Definitions:

Data Types

Categories of data that determine the type of data (e.g., integer, floating-point, boolean) and the operations that can be performed on that data.

Output Device

A hardware component used to convey information from a computer or system to the external environment, such as a monitor, speaker, or printer.

Input Device

Any device that is used to feed data or control signals into a computer or processing system, such as a keyboard, mouse, or sensor.

IREF

IREF often stands for reference current, a specific, stable current used as a reference point in electronic circuits for biasing and stabilizing purposes.