True/False
Documentary collections are more cumbersome and expensive than letters of credit.
Correct Answer:
Verified
Related Questions
Q8: In most cases,it is wise to have
Q9: United States law prohibits bank guarantees.
Q10: A payment guarantee is the most commonly
Q11: A letter of credit is more secure
Q12: Usually a bank guarantee is offered by
Q14: An irrevocable letter of credit cannot be
Q15: A date draft goes into effect at
Q16: In a letter of credit,the creditworthiness of
Q17: A date draft transaction solves one of
Q18: Since a draft (or a bill of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents