What international method of payment is issued by a bank and guarantees payment to a seller provided that the seller has complied with applicable terms and conditions of the particular transaction?
A) a bill of exchange
B) a letter of credit
C) forfaiting
D) an open account
Correct Answer:
Verified
Q3: A _ specifies the country (ies) in
Q4: Which of the following is not true
Q5: _ are taxes that governments place on
Q6: Which of the following is not a
Q7: A _ often serves as the basis
Q10: A _ is used in areas where
Q11: Which international logistics service provider is often
Q12: _ refers to the sum of the
Q13: What do we call a system of
Q18: Incoterms refer to _.
A)standardized procedures for handling
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