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:

Acid Rain

Rainfall made significantly acidic by atmospheric pollution, causing environmental harm to forests, lakes, and structures.

Technological Applications

Practical uses of technology to solve problems or enhance processes in various fields like medicine, business, or education.

Federal Government

A system of government where power is divided between a central (national) government and various regional governments, often seen in countries with a federalist structure.

Research and Development

The investigative activities a business or government undertakes to improve existing products or procedures or to lead to the development of new products or procedures.