Which of the Following Is Not True Regarding Letters of Credit

question 70

Multiple Choice

Which of the following is not true regarding letters of credit?

• A) They are issued by banks on behalf of the importer promising to pay the exporter.
• B) A revocable letter of credit can be cancelled or revoked at any time without prior notification to the beneficiary.
• C) They guarantee that the goods shipped are the goods purchased.
• D) All of the above are true.

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Definitions:

Change Management

The systematic approach to dealing with change, both from the perspective of an organization and the individual, involving adapting to, controlling, and effecting change.

International American Credibility

The perception of the United States' reliability and trustworthiness on the global stage, affecting its ability to influence international affairs.

Terrorist State

A term often used to describe a country that supports or engages in terrorism activities, either by funding terrorist groups or harboring terrorists within its borders.