Meredith hires an export merchant to help expand her business internationally. After signing contracts with a foreign purchaser outlining the terms of sale and delivery, the exporter will send Meredith's merchandise when
A. Meredith's bank receives a letter of credit from the importer's bank.
B. it receives a letter of credit from Janet's bank.
C. its bank receives a draft from the importer's bank.
D. Meredith receives a bill of lading.
E. the ultimate consumer sends a bill of lading to the exporter's bank.
Answer: A. Meredith's bank receives a letter of credit from the importer's bank.
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