Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under an acceptance letter of credit, the responsibility of the issuing bank is a . Only to accept the bill. q , b . To

Under an acceptance letter of credit, the responsibility of the issuing bank is
a. Only to accept the bill. q,
b. To pay against the bill.
c. To accept the bill immediately and also to pay the amount of the bill on its due date.
d. To get the acceptance of the importer on the bill
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Reforming The Governance Of The Financial Sector

Authors: David Mayes , Geoffrey Wood

1st Edition

0415686849, 978-0415686846

More Books

Students also viewed these Finance questions