Question
MidWest bank in London (UK) receives a collection destined for an importer who is not one of their customers. They pass it on to the
MidWest bank in London (UK) receives a collection destined for an importer who is not one of their customers.
They pass it on to the importer's own bank, Grampian Bank, who present the documents and collect the amount due.
Who is MidWest Bank acting for?
Buyer or Seller?
Who is Grampian Bank acting for?
Buyer or Seller?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
