Which of the following stands at the center of international commercial transactions?
A)Bill of lading
B)Time draft
C)Letter of credit
D)Sight draft

Question

Quizplus · Accepted Answer

A letter of credit stands at the center of international commercial transactions.Issued by a bank at the request of an importer,the letter of credit states that the bank will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.

Which of the Following Stands at the Center of International