If, in a letter of credit, no bank is nominated, then the letter of credit is said to be:

a. a standby letter of credit.

b. a transferable credit.

c. freely available.

d. null and void.


c

Business

You might also like to view...

A purchase order is prepared by the seller and sent to the buyer with the shipment

Indicate whether the statement is true or false

Business

Most business presentation visuals for nonlinear presentations are created using

A. Prezi B. Overhead transparencies C. Microsoft PowerPoint D. Flip charts E. Chalkboards and whiteboards

Business

When writing a cover letter, your opening should be short, interesting, and reader-oriented

Indicate whether the statement is true or false

Business

In creating a culture for corporate entrepreneurship leadership is important. 

Answer the following statement true (T) or false (F)

Business