Letters of credit are popular among traders because the risk of non shipment are assumed by ________.
A) distributors
B) importers
C) exporters
D) banks

Name: Letters of credit are popular among traders because the risk of non shipment are assumed by ________. A) distributors B) importers C) exporters D) banks
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Question

Quizplus · Accepted Answer

Letters of credit are issued by banks and they assume the risk of non-shipment, thus providing a level of assurance to both importers and exporters. Therefore, the correct choice is D) banks.

Letters of Credit Are Popular Among Traders Because the Risk