The letter of credit substitutes the credit standing of the ______ for that of the buyer.
A) carrier
B) exporter
C) government
D) issuing bank
E) None of the above
Correct Answer:
Verified
Q54: Sales on open account are _ for
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Q57: _ is the instrument most frequently used
Q58: The United Kingdom and the United States
Q60: A payment method in which the buyer
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Q64: Bodnar, Hayt and Marston ["1998 Wharton Survey
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