Who would be most likely to request a letter of credit to be issued by a bank?

Name: Who would be most likely to request a letter of credit to be issued by a bank?
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Question

Quizplus · Accepted Answer

The buyer is most likely to request a letter of credit from the bank to ensure that the seller receives payment upon delivering the goods or services. The use of a letter of credit adds an extra layer of security for both parties by guaranteeing payment and delivery. Therefore, option (D) is the best choice.

Who Would Be Most Likely to Request a Letter of Credit