Three parties are involved in the contractual arrangement concerning a documentary credit.( )
举一反三
- Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
- The role of Exporter in international settlement might be _______.() A: beneficiary in documentary letter of credit B: Applicant in documentary letter of credit C: principal in documentary collection D: drawer of commercial draft in collection and letter of credit
- Karen is notified by her credit card company that the credit limit on her credit card has just been increased to $10,000. This is one example of a change related to A: incidental credit. B: closed-end credit. C: a line of credit. D: installment sales credit. E: overdraft protection.
- Letter of credit belongs to banker’s credit.
- Remittance and collection belong to commercial credit, and letter of credit belongs to banker’s credit.