Answered step by step
Verified Expert Solution
Question
1 Approved Answer
. If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a
. If an exporter is doubtful about an issuing bank's ability to pay, he will expect a
domestic bank to join the transaction in a _____ letter of credit.
A. revolving
B. irrevocable
C. revocable
D. unconfirmed
E. confirmed
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started