What is the document,issued by a bank,that indicates that the bank will make payments under specific circumstances known as?
A) bill of lading
B) time draft
C) way bill
D) sight draft
E) letter of credit

Question

Quizplus · Accepted Answer

The document described is a letter of credit, which is issued by a bank to guarantee payment to the recipient under specific conditions. The other options listed are related to shipping and bill payment but do not fit the description provided.

What Is the Document,issued by a Bank,that Indicates That the Bank