When an exporter ships goods to the bank which issued a letter of credit,it gives the bank title to the goods in the form of a:
A) merchandise bill.
B) bill of lading.
C) bill of exchange.
D) draft.
Correct Answer:
Verified
Q65: Which of the following stands at the
Q66: A draft is sometimes referred to as
Q67: The two categories of drafts are:
A)contract drafts
Q68: A _ is simply an order written
Q69: The letter of credit is issued by
Q71: How does the international practice of settling
Q72: When a letter of credit is used
Q73: What is the drawback for the importer
Q74: Why does a letter of credit reduce
Q75: Which of the following is an advantage
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