A purchasing agent for a domestic art gallery touring foreign countries for possible acquisitions might find it convenient to have
A) travelers' checks.
B) a commercial letter of credit.
C) regular checkbook drafts.
D) a traveler's letter of credit.
Correct Answer:
Verified
Q114: An instrument through which a bank retains
Q115: In recent years, the principal market for
Q116: The banker's acceptance and the commercial letter
Q117: The commercial letter of credit is of
Q118: An importer will generally try to avoid
Q120: The exporter's bank may offer considerable assistance
Q121: Which of the following statements is false?
A)
Q122: The U.S balance of payments involves all
Q123: The Export-Import Bank
A) makes loans and offers
Q124: Which of the following statements is false?
A)
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