A ________ is an agreement between an exporter's bank and the foreign buyer's bank that guarantees payment to the exporter for a specific shipment of goods.

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A letter of credit is a document issued by the foreign buyer's bank to the exporter's bank, providing a guarantee of payment for a specific shipment of goods. It is a widely used tool in international trade, as it offers security to both parties involved in the transaction. The exporter can be sure that they will receive payment for their goods, while the foreign buyer can be assured that the goods will be shipped as agreed.

A ________ Is an Agreement Between an Exporter's Bank and the Foreign