A ________ Is a Document That Is Issued by a Bank

question 7

Multiple Choice

A ________ is a document that is issued by a bank on behalf of a buyer who purchases goods on credit from a seller that guarantees that if the buyer does not pay for the goods, then the bank will pay the seller.

• A) remittance advice
• B) certified check
• C) cashier's check
• D) letter of credit