Letters of Credit Are Popular Among Traders Because Most of the Risks

question 41

Multiple Choice

Letters of credit are popular among traders because most of the risks are assumed by ________.

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

---

Definitions:

Fair Coin

A fair coin is a coin that has an equal probability of landing on heads or tails when flipped, implying no bias in its design or toss.

Record

A document or electronic file that preserves evidence of activities, transactions, or decisions.

Heads and Tails

Terms representing the two sides of a coin used in coin tosses to determine randomness or make decisions.

Event's Occurrence

A term referring to the instance or frequency of a specific event happening within a given timeframe or under certain conditions.