Usually a bank guarantee is offered by a single bank,rather than multiple banks.
Correct Answer:
Verified
Q7: In those few cases in which the
Q8: In most cases,it is wise to have
Q9: United States law prohibits bank guarantees.
Q10: A payment guarantee is the most commonly
Q11: A letter of credit is more secure
Q13: Documentary collections are more cumbersome and expensive
Q14: An irrevocable letter of credit cannot be
Q15: A date draft goes into effect at
Q16: In a letter of credit,the creditworthiness of
Q17: A date draft transaction solves one of
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