Business, 13.12.2019 21:31 Tayj91

One of the following is false about a letter of credit. which one?

a) the importer and exporter agree on a transaction.
b) the importer applies to its local bank for the issuance of a letter of credit.
c) the exporter applies to its local bank for the issuance of a letter of credit.
d) the importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer

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One of the following is false about a letter of credit. which one?

a) the importer and...