With a(n) ____, certain conditions can be specified before payment is made.
A) banker's guarantee
B) banker's acceptance
C) letter of credit
D) international promissory note
E) international charge agreement

Question

Quizplus · Accepted Answer

A letter of credit allows the buyer's bank to guarantee, on behalf of the buyer, that payment will be made to the seller once certain conditions (such as inspection of goods and documentation) are met.

With A(n) ____, Certain Conditions Can Be Specified Before Payment