The uses of letters of credit in international transactions include all of the following except:
A) As a device to guarantee payment obligation
B) As a tool to expedite customs release
C) As a standby to guarantee a performance obligation
D) To help finance the importing or exporting of goods
Correct Answer:
Verified
Q26: International demand guarantees are governed by the
Q27: If bank discounts a draft without recourse
Q28: The Agency for International Development (AID) is
Q29: The party applying for a letter of
Q30: The party in whose favor a letter
Q32: The bank in the beneficiary's country that
Q33: A bank in the beneficiary's country through
Q34: This network was set up to provide
Q35: A typical letter of credit transaction consists
Q36: A form of financing in which the
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