Following Negotiations on a Transaction Which Result in Use of a Letter

question 25

Multiple Choice

Following negotiations on a transaction which result in use of a letter of credit for payment,the next step is for the exporter to

• A) ship the goods to the importer.
• B) ask the advising bank to open a letter of credit.
• C) make a security deposit in the issuing bank.
• D) All of the above
• E) None of the above.

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Definitions:

Peritoneal Fold

A fold in the lining of the abdominal cavity, which is part of the peritoneum, possibly covering or supporting abdominal organs.

Fluoroscopic Exam

A type of medical imaging test that shows a continuous X-ray image on a monitor, allowing for the real-time movement of internal structures.

H.pylori

A type of bacteria that infects the stomach lining and is a leading cause of ulcers.

Ulcers

Open sores that can form on the skin, or mucous membranes of the body, often resulting in pain and discomfort.