Question

In a Letter of Credit (LC) transaction, which entities

Q: Answer-In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issu...

In a Letter of Credit transaction, entities like export credit agencies, foreign exchange brokers, and escrow agents may play additional roles in the process.

typically play a role in addition to the issuing bank, advising bank, and beneficiary?

A Importer, exporter, customs authority.

B Seller, buyer, shipping company.

C Export credit agency, foreign exchange broker, escrow agent.

D Chamber of Commerce, regulatory authority, insurance company.

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In a Letter of Credit (LC) transaction, which entities

Solution