Which of the Following Correctly States the Role of Banks

question 31

Multiple Choice

Which of the following correctly states the role of banks in import\export transactions involving a letter of credit (L\C) ?

• A)The importer's bank is the advising and\or confirming bank;the exporter's bank is the issuing bank.
• B)The exporter's bank is the advising and\or confirming bank;the importer's bank is the issuing bank.
• C)The exporter's bank is the advising,confirming,and issuing bank.
• D)The importer's bank is the advising,confirming,and issuing bank.
• E)none of the above

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The biological and physiological changes that occur in an organism over time, leading to maturation and eventually the decline of bodily functions.