Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank.
B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank.
C) The exporter's bank is the advising, confirming, and issuing bank.
D) The importer's bank is the advising, confirming, and issuing bank.
E) none of the above
B
You might also like to view...
Cohabitation is not sufficient in and of itself to establish a common law marriage
Indicate whether the statement is true or false
E-mail is the most popular way to exchange information in organizations.
Answer the following statement true (T) or false (F)
When purchasing a software package, a successful definition phase ends with a(n):
A) system testing plan. B) vendor contract. C) system design. D) RFP.
The description of humans as the “economic man” can be attributed to the ____.
a. Behavioral approach b. Human relations approach c. Management science approach d. Classical approach