Business Studies · International Trade
Which of the following documents is primarily issued by an importer's bank guaranteeing payment to the exporter upon the presentation of specified trade documents?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bill of Lading
- 2Letter of Credit✓
- 3Shipping Bill
- 4Certificate of Origin
Correct answer
Letter of Credit
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