A Typical Foreign Trade Transaction Requires Three Basic Documents

question 29

Multiple Choice

A typical foreign trade transaction requires three basic documents

• A)letter of credit, bill of lading, and shipping documents.
• B)time draft, banker's acceptance, and bill of lading.
• C)letter of credit, time draft, and bill of lading.
• D)letter of credit, banker's acceptance, and bill of lading.

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Definitions:

Free Riding

describes a scenario where individuals or entities take advantage of the benefits offered by a collective effort without contributing equitably to the effort.

Oral Communication

The process of expressing information or ideas through spoken words to one or more listeners.

Telephonic Conversation

A conversation held over the telephone, allowing people to communicate verbally even when physically distant.

Text Messaging

The act of composing and sending brief, electronic messages between two or more mobile devices or computers.