In a Transaction Involving a Letter of Credit,in Addition to the Importer

question 42

Multiple Choice

In a transaction involving a letter of credit,in addition to the importer and the exporter,what other two parties are usually involved?

• A)The extending bank and the receiving bank
• B)The issuing bank and the confirming bank
• C)The paying banks and the paid bank
• D)The authorizing bank and the approving bank

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Definitions:

Present At Birth

A condition or attribute that exists in an individual from the time of their birth.

Direct Transmission

The immediate transfer of a pathogen between hosts through direct contact or droplet spread.

Contaminated Food

Food that has been tainted or polluted with harmful substances, pathogens, or chemicals, posing risks to health and safety.

Host Susceptibility

The degree of resistance or vulnerability of an organism (the host) to pathogens, diseases, or parasites.