Business, 18.12.2019 01:31 edwin3448

What is the purpose of a letter of credit? a) it is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. b) it allows buyers to obtain possession of merchandise without signing a formal document acknowledging his or her obligation to pay. c) it indicates that the carrier has received the merchandise described on the face of the document. d) it serves as a receipt, a contract, and a document of title. e) it states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents.

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What is the purpose of a letter of credit? a) it is a document written by an exporter instructing a...

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