Question 33 1 pts Under a letter of credit arrangement, the bank issuing the let

Question

Question 33 1 pts Under a letter of credit arrangement, the bank issuing the letter of credit is known as the bank, the correspondent bank in the ben to which the issuing bank sends the letter of credit is known as the ba eficiary's country nk, and the bank that agrees to examine documents under the letter of credit and pay the beneficiary is called thebank. O issuing: negotiating: advising issuing; advising; negotiating O advising: issuing: negotiating O negotiating: issuing: advising O advising: negotiating; issuing

Explanation / Answer

The bank which issues the letter of credit os known as ISSUING Bank. This the the bank which issues the letter of the credit

The correspondent bank is called the ADVISING BANK. An advising bank advises a beneficiary that a letter of credit opened by an issuing bank

The bank who agrees to examine teh documents is called the NEGOTIATING bank. This bank examines the letter of credit and pays to the beneficiary.

So, option B is correct

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.