Sometimes a third bank,in addition to the issuing bank and the advising bank,becomes involved with a letter of credit.This bank is called a
A) primary bank.
B) secondary bank.
C) intermediary bank.
D) amending bank.
E) None of the above
Correct Answer:
Verified
Q19: The responsibilities of the presenting bank in
Q20: Because some of their cash must be
Q21: Among country risks in international trade are
Q22: The importer's bank is called the
A) applicant.
B)
Q23: The majority of transactions issued in the
Q25: International factoring
A) is more complicated than domestic
Q26: In a letter of credit,the most important
Q27: Following negotiations on a transaction which result
Q28: An aval
A) is a used only in
Q29: A standby letter of credit is similar
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