A ________ States That the Bank Will Pay a Specified

question 39

Multiple Choice

A ________ states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents.

• A) bill of exchange
• B) bill of lading
• C) letter of credit
• D) bank statement

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Definitions:

Close Relative

A family member who is closely connected to an individual by blood or marriage, such as a parent, sibling, child, or spouse.

Social Anxiety Disorder

A chronic mental health condition characterized by an intense fear or anxiety in one or more social situations, leading to significant distress or impaired ability to function in daily activities.

Cognitive Theorists

Scholars and researchers who study the mental processes involved in knowing, including perception, memory, judgment, and reasoning.

Social Events

Gatherings or activities designed for the purpose of socialization, interaction, and entertainment among participants.