A/An _____ can only be changed or canceled upon agreement of all parties.
A)compensation trade
B)revocable letter of credit
C)buy-back
D)optional commission
E)irrevocable letter of credit

Question

Quizplus · Accepted Answer

An irrevocable letter of credit is a financial tool used in international trade that guarantees payment to the seller by the buyer's bank. It cannot be changed or canceled without the agreement of all parties involved. Therefore, an irrevocable letter of credit is the best choice for this question.

A/An _____ Can Only Be Changed or Canceled Upon Agreement