A Chinese exporter could collect its accounts receivable from the Bank of China if the Bank of China had confirmed the letter of credit issued by Citibank, and Citibank, for whatever reason, failed to honor its ________________ letter of credit.
A) confirmed
B) unconfirmed
C) transferable
D) irrevocable
Correct Answer:
Verified
Q29: A _ L/C is issued by one
Q30: A/An _ L/C, in contrast, cannot be
Q31: A/An _ L/C is the obligation of
Q32: Private sources of export financing include private
Q33: Chase Manhattan's Collection Experience Bulletin provides
A) four
Q35: An MNEs equity financing can take the
Q36: If a U.S. exporter expects to receive
Q37: To purchase a stated number of units
Q38: _ refers to the sensitivity of changes
Q39: The line of credit against which drafts
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