The bank that tells the beneficiary that a letter of credit has been issued is known as the correspondent bank.
Correct Answer:
Verified
Q21: An agreement or provision in an agreement
Q24: A(n)_ is an undertaking by one person,for
Q24: The amount of credit specified in a
Q26: The issuer of a letter of credit
Q27: The issuer of a letter of credit
Q30: In a guaranty contract, the obligor is
Q31: Which of the following is correct concerning
Q31: If there are two or more sureties
Q36: Pasquale and Paul were sureties on the
Q39: A letter of credit must be in
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