A/An ________ Letter of Credit Is Intended to Serve as a Means

question 33

Multiple Choice

A/An ________ letter of credit is intended to serve as a means of arranging payment, but not as a guarantee of payment.

• A) irrevocable
• B) revocable
• C) confirmed
• D) unconfirmed

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Definitions:

Election of 1942

A midterm election in the United States held during World War II, which saw the Democratic Party losing seats to the Republicans in Congress.

Civil Rights

The rights of citizens to political and social freedom and equality, often associated with movements to end discrimination and ensure equal protection under the law.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations including all the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Holocaust

The systematic, state-sponsored persecution and murder of six million Jews and millions of others by the Nazi regime and its collaborators during World War II.