In international business transactions, a documentary letter of credit:
A) is a method of payment for goods that reduces the seller's risk from the possibility that the goods will be shipped, but not paid for.
B) is a type of bill of lading.
C) is a guarantee by the seller's bank that it will pay the price of the exported goods if the seller breaches the contract.
D) All of these.
Correct Answer:
Verified
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