The ________ is the instrument normally used to actually effect payment in international commerce.
A) banker's acceptance
B) bill of exchange
C) bill of lading
D) letter of credit
Correct Answer:
Verified
Q25: A letter of credit that is confirmed
Q26: A revocable L/C is intended to serve
Q27: A sight draft is payable on presentation
Q28: The person or company to whom the
Q29: Drafts that have been accepted by banks
Q31: The major advantage of a letter of
Q32: A letter of credit is an agreement
Q33: To constitute a true letter of credit
Q34: The _ is issued to the exporter
Q35: The draft is the instrument normally used
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