Bank Charges on Letter of Credit Will Depend on the ____

question 64

Multiple Choice

Bank charges on letter of credit will depend on the ____.

• A) exporter's creditworthiness
• B) size of the transaction
• C) exporter's means of finance
• D) time taken to approve sale

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision or the right of individuals to direct their own lives.

Competence

The ability and skill to efficiently perform a task or job, often measured against a standard or benchmark.

Intrinsic Motivation

The drive to engage in an activity for its own sake, without the influence of external rewards or pressures.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise.