Most L/Cs Issued in Connection with Commercial Transactions Are

question 7

Multiple Choice

Most L/Cs issued in connection with commercial transactions are

• A) documentary
• B) clean
• C) revocable
• D) without discrepancies

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

MOOCs

Massive Open Online Courses, which are free online courses available for anyone to enroll and provide a way to learn new skills or enhance knowledge.

Democratizing

The process of making something accessible to all people, often used in the context of technology or information, making it available and understandable to the general public.

Videoconferencing

A technology that allows users in different locations to hold face-to-face meetings without having to move to a single location physically.