Most L/Cs Issued in Connection with Global Trade Transactions Are

question 27

Multiple Choice

Most L/Cs issued in connection with global trade transactions are

• A)documentary
• B)clean
• C)revocable
• D)created by a combination of a buyer and a seller alone

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Definitions:

Payback Period

The duration required to recover the cost of an investment, calculated by dividing the initial investment by the annual cash inflow.

Heating System

A mechanism for maintaining temperatures at an acceptable level; by using thermal energy within a home, building, or other dwelling.

Required Rate Of Return

The minimal annual profit rate required to attract investment from individuals or corporations into a specific security or initiative.

Net Present Value

A financial analysis technique used to estimate the viability of projects or investments by discounting expected future cash flows to their present value.