Which of the Following Is True of a Letter of Credit

question 8

Multiple Choice

Which of the following is true of a letter of credit in international trade?

• A)No cash deposit or collateral is required from the importer.
• B)The exporter pays the trusted third party (usually a bank) a fee for the service.
• C)It becomes a financial contract between the trusted third party (usually a bank) and the exporter.
• D)It is issued by the exporter at the request of the importer.
• E)The creditworthiness of the importer is irrelevant when issuing a letter of credit.

Appreciating the importance of evidence-based methods in learning and critical thinking.

Understanding the implications of empirical research on common beliefs.

Comprehending the benefits of different note-taking strategies on learning outcomes.

Recognizing the importance of self-testing and rehearsal in learning.

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Definitions:

Knowledge Base

A comprehensive collection of information, facts, and data that can be used for reference or to support decision-making and problem-solving.

Educated Parents

Parents who have attained a significant level of education, which can influence their parenting style and values.

IQ Test

A standardized test designed to measure human intelligence and cognitive abilities.