Question
In the context of Letters of Credit, which of the
following banks guarantees payment to the seller after verifying documents and fulfilling the terms of the LC?Solution
The Negotiating Bank is responsible for verifying documents submitted by the seller under the Letter of Credit and making the payment if everything is in order
More Financial Management Questions
Which is the synonym of Vitamin D3?
Which is the staple vegetable in the Indian diet?
The technique first described to determine the incipient spoilage in meat was:
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Enzyme immobilization is:
Material suitable for micro-wave heating:
Which of the following organisms have a high resisting effect at high temperatures?
