Question
Which of the following types of documentary credit
allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exact terms of the credit?Solution
A revocable letter of credit allows the terms and conditions to be modified or canceled by the importer (buyer) or issuing bank without the beneficiary's consent. This can result in the exporter being paid even if the documents do not fully comply with the letter of credit terms, as long as the changes are acceptable to the involved parties.
The wavelength produced by a He-Ne laser corresponds to the transition in:
What term refers to the superposition of two or more coherent waves to produce regions of maxima and minima?
Which instrument is used to measure the moisture content in the air?
A displacement-time graph is curved and concave downward from t = 0 to t = 2 s. Which statement is true?
Which of the following is not a natural polymer?
What is the SI unit of magnetic flux?
Which device is best suited for measuring the temperature inside metallurgical furnaces?
Two cars A and B are running at velocities of 60km per hour and 45 km per hour. What is the relative velocity of car A with respect to car B, if both ar...
The coefficient of volume expansion of glycerin is 49 × 10-5 K-1. Find the fractional change in its density for a 20°C rise i...
Which of the following is a nonrenewable source of energy?
