An ________ letter of credit where the agreement can be modified by the importer of the goods is considered:
A) Completed
B) Irrevocable
C) Revocable
D) Drafted

Question

Quizplus · Accepted Answer

A revocable letter of credit can be amended or modified by the importer without the consent of the exporter. This makes it a risky option for exporters. Completed, irrevocable, and drafted are not accurate descriptions for this type of letter of credit.

An ________ Letter of Credit Where the Agreement Can Be