Tevye owns a shoe store in the United States and wants to buy some shoes from Aldo, an Italian shoe manufacturer. Aldo is unsure of Tevye's ability to make payment and so is leery of selling the shoes to him. In order to make this transaction, Tevye might go to his bank to get a(n) __________ letter of credit.
A) import
B) standby
C) transactional
D) commercial
Correct Answer:
Verified
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