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61. Which of the following is true of a letter of credit in international trade? A. No cash deposit or collateral is required from the

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61. Which of the following is true of a letter of credit in international trade? A. No cash deposit or collateral is required from the importer. B. The exporter pays the trusted third party (usually a bank) a fee for the service. C. It becomes a financial contract between the trusted third party (usually a bank) and the exponen D. It is issued by the exporter at the request of the importer. E. The creditworthiness of the importer is irrelevant when issuing a letter of credit

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