A ____ Is Issued by a Bank Upon Request of an Importer

question 70

Multiple Choice

A ____ is issued by a bank upon request of an importer stating that the bank will pay an amount of money to a stated beneficiary.

• A) license
• B) letter of credit
• C) bill of lading
• D) draft
• E) voucher

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Definitions:

Claim

An assertion of the truth of something, typically one that is disputed or in doubt.

Motor Carrier Cost

The expenses involved in transporting goods via motor vehicles, including fuel, maintenance, and driver wages.

Highly Variable

Refers to situations, processes, or data that exhibit a high degree of variance, indicating significant fluctuations or differences over time.

Modal Selection

The process of choosing the most appropriate method of transportation for goods based on factors such as cost, speed, and product characteristics.