• 2022-05-30
    Bank appoints chief Michael Omisade to the chairman of a branch bank.
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      A letter of credit is issued by a bank at the request of an exporter and then sent to the importer's bank.

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      中国大学MOOC: An L/C is opened and sent to the bank at the resident of the exporter by the advising bank.

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      Nominated<br/>bank means ______ with which the credit is available or ______ in the case of credit available with any bank.

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      Which of the following statements about the relationship between the parties to remittance is false?() A: Payee must have an account with Paying bank. B: Remitter and Payee might be business partners. C: Paying bank is the agent of Remitting bank. D: Remitting bank is the agent of Remitter.

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      中国大学MOOC: True or False: The drawer in D/D is the remitting bank, and the drawee is the paying bank. ( )