A(n) ____ letter of credit is not a trade-related letter of credit.
A) commercial
B) import/export
C) revocable
D) irrevocable
E) all of the above are trade-related letters of credit
Correct Answer:
Verified
Q32: A banker's acceptance is a draft drawn
Q33: In _, the exporter sells accounts receivable
Q34: A draft drawn on and accepted by
Q35: _ promises to pay the beneficiary if
Q36: The _ is a private corporation owned
Q38: Under a(n) _ arrangement, the exporter ships
Q39: _ is not a type of program
Q40: Under a letter of credit arrangement, the
Q41: The sale of accounts receivable to a
Q42: The Working Capital Guarantee Program and the
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