QuestionJuly 2, 2025

Issued by a bank at the request of an importer, the __ states that the bank will pay a specified amount of money to the exporter on presentation of particular specified documents. Letter of credit Credit report Draft Bill of lading

Issued by a bank at the request of an importer, the __ states that the bank will pay a specified amount of money to the exporter on presentation of particular specified documents. Letter of credit Credit report Draft Bill of lading
Issued by a bank at the request of an importer, the __ states that the bank will pay a specified amount of
money to the exporter on presentation of particular specified documents.
Letter of credit
Credit report
Draft
Bill of lading

Solution
4.4(243 votes)

Answer

Letter of credit Explanation 1. Identify the correct term A document issued by a bank guaranteeing payment to an exporter upon presentation of specified documents is known as a "Letter of Credit."

Explanation

1. Identify the correct term<br /> A document issued by a bank guaranteeing payment to an exporter upon presentation of specified documents is known as a "Letter of Credit."
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