In most cases,it is wise to have a letter of credit confirmed by the advising bank.
Correct Answer:
Verified
Q3: The greater the exposure,the more secure terms
Q4: It is possible to add a draft
Q5: A bank guarantee payable at first request
Q6: A procurement card is conceptually similar to
Q7: In those few cases in which the
Q9: United States law prohibits bank guarantees.
Q10: A payment guarantee is the most commonly
Q11: A letter of credit is more secure
Q12: Usually a bank guarantee is offered by
Q13: Documentary collections are more cumbersome and expensive
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