Banks prefer to handle a transferable letter of credit instead of being involved with a back-to-back letter of credit

Name: Banks prefer to handle a transferable letter of credit instead of being involved with a back-to-back letter of credit
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Banks prefer transferable letters of credit because they can be used multiple times and involve fewer risks than back-to-back letters of credit, which require the involvement of multiple parties and can be complex to manage.

Banks Prefer to Handle a Transferable Letter of Credit Instead