An aval
A) is a used only in open accounts.
B) means funds are available.
C) makes the presenting bank a co-signer of a draft.
D) All of the above
E) None of the above
Correct Answer:
Verified
Q23: The majority of transactions issued in the
Q24: Sometimes a third bank,in addition to 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
Q29: A standby letter of credit is similar
Q30: The exporter that offers "open account" terms
Q31: The bill of lading serves as
A) a
Q32: International commercial risk can be evaluated by
A)
Q33: The risk(s)that an exporter takes in requesting
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