Question:
__is issued by a bank at the request of an importer. It states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of specified documents.
__is issued by a bank at the request of an importer. It states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of specified documents.
Updated On: Jun 22, 2024
- Bill of Exchange
- Bill of Lending
- Letter of Credit
- Bank overdraft
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The Correct Option is C
Solution and Explanation
The correct option is (C):Letter of Credit
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