Bank charges on letters of credit will depend on the
A) Exporter's creditworthiness.
B) size of the transaction.
C) Exporter's means of finance.
D) time taken to approve the sale.

Question

Quizplus · Accepted Answer

Banks will charge importers a fee for issuing a letter of credit. Typically this amounts to between 0.5 percent and 2 percent of the value of the letter of credit, depending on the importer's creditworthiness and the size of the transaction.

Bank Charges on Letters of Credit Will Depend on the