Question

In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?

A Importer, exporter, customs authority. Correct Answer Incorrect Answer
B Seller, buyer, shipping company. Correct Answer Incorrect Answer
C Export credit agency, foreign exchange broker, escrow agent. Correct Answer Incorrect Answer
D Chamber of Commerce, regulatory authority, insurance company. Correct Answer Incorrect Answer

Solution

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

Practice Next
×
×