In an Export\import Transaction Requiring a Letter of Credit (L\C),the

question 43

True/False

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

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Definitions:

Conflicting Assessment

A situation where there are discrepancies or different conclusions drawn from the same set of data or observations.

Unclear Communication

The conveyance of messages or information in a way that is difficult to understand, leading to confusion or misinterpretation.

Moaning

A long, low sound made by a person expressing physical discomfort or emotional distress.

Cultural Differences

Variations in the customs, beliefs, practices, and social behavior of different societies or communities.