The _____ is a legal document issued by a bank at the importer's (or buyer's)request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.
A)export declaration
B)license
C)letter of credit
D)bill of lading
E)customs invoice

Question

Quizplus · Accepted Answer

A letter of credit is a financial document provided by a bank at the request of the importer, guaranteeing payment to the exporter upon receipt of shipment documents, thus facilitating international trade by providing a secure payment mechanism.

The _____ Is a Legal Document Issued by a Bank