Letter of Credit is issued by

Letter of Credit is issued by
by

1 Answer

Answer :

Letter of Credit is issued by A. Importer B. Banker of importer C. Custom Officer D. None of the above.
by

Related questions

Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency

Description : Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency

Last Answer : C. at the request of the exporter

Letter of Credit is issued by a. IMF b. WTO c. Importer’s Bank d. Exporters Bank

Description : Letter of Credit is issued by a. IMF b. WTO c. Importer’s Bank d. Exporters Bank

Last Answer : c. Importer’s Bank

Which of the following best describes the purpose of the engagement letter? a. The engagement letter conveys to management the detailed steps to be applied in the audit process. b. The engagement letter relieves the auditor of some responsibility for the exercise of due care. c. By clearly defining the nature of the engagement, the engagement letter helps avoid and resolve misunderstandings between CPA andclient regarding the precise nature of the work to be performed and the type of report to be issued. d. The engagement letter should be signed by both the client and the CPA and should be used only for independent audits

Description : Which of the following best describes the purpose of the engagement letter? a. The engagement letter conveys to management the detailed steps to be applied in the audit process. b. The engagement letter ... be signed by both the client and the CPA and should be used only for independent audits

Last Answer : By clearly defining the nature of the engagement, the engagement letter helps avoid and resolve misunderstandings between CPA and client regarding the precise nature of the work to be performed and the type of report to be issued

If a renter of a PB does not clear the letter for a week a) All the letter s received for delivery through the PB will be returned to sender b) A report will be sent to SP c) The article will be dispatched to RLO d) A notice will be issued to renter and articles if not collected even after the notice will be delivered through the postman.

Description : If a renter of a PB does not clear the letter for a week a) All the letter s received for delivery through the PB will be returned to sender b) A report will be sent to SP c) The ... will be issued to renter and articles if not collected even after the notice will be delivered through the postman.

Last Answer : d) A notice will be issued to renter and articles if not collected even after the notice will be delivered through the postman.

Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Description : Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Last Answer : B. Credit and Monetary Policy of RBI Explanation: Credit and Monetary Policy of RBI is known as Annual Policy Statement.

Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Description : Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Last Answer : D. Fiduciary currency Explanation: Fiduciary Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

A document issued by a vendor giving credit to the debtor is called:

Description : A document issued by a vendor giving credit to the debtor is called:

Last Answer : Credit note

How long does it take for the credit card to follow the approval letter?

Description : How long does it take for the credit card to follow the approval letter?

Last Answer : It it usually several days to a couple of weeks. They should have told you when to expect it. Maybe you could call and ask.

Letter requesting a bank to issue a Letter of Credit.

Description : Letter requesting a bank to issue a Letter of Credit.

Last Answer : Letter requesting a bank to issue a Letter of Credit.

Explain the following concept: Letter of Credit

Description : Explain the following concept: Letter of Credit

Last Answer : Explain the following concept: Letter of Credit

What is a Letter of Credit?

Description : What is a Letter of Credit?

Last Answer : What is a Letter of Credit?

What are credit promissory bill of exchange of letter credit?

Description : What are credit promissory bill of exchange of letter credit?

Last Answer : What is the answer ?

Letter to Request a Credit Reference?

Description : Letter to Request a Credit Reference?

Last Answer : Get StartedThis letter can be used to request that a positive credit reference be sent to a business. For example, Mary would like to purchase a product from ABC Company. ABC Company asks ... Mary can use this letter to request that XYZ Company provide positive credit information to ABC Company.

Letter Refusing to Pay for a Charge on your Credit Card?

Description : Letter Refusing to Pay for a Charge on your Credit Card?

Last Answer : Get StartedThis letter can be sent to a credit card company to refuse charges on your credit card account.Where appropriate, send a copy, not the original, of the statement and/or receipt to the card ... slips that do contain your full number or imprint of your credit card. Never give your card n

Letter to Request a Credit Report?

Description : Letter to Request a Credit Report?

Last Answer : Get StartedIf you have been denied credit or if other adverse actions regarding your credit have been taken based on your credit report, you may want to obtain a copy of your credit report and verify ... your credit report you should carefully review it. You have the right to respond to a negative e

Letter of Credit?

Description : Letter of Credit?

Last Answer : Letter of Credit(Download)Date: _________LETTER OF CREDIT (GENERAL)______________________________________________________________________________Sir:We hereby agree to accept and pay at maturity any draft or drafts on us, ... will suffice.1. Make multiple copies. Give one to each related party and

What's the difference between a bank guarantee and a letter of credit?

Description : What's the difference between a bank guarantee and a letter of credit?

Last Answer : Letter of credit is a financial paper for guaranteed payments, whereas a bank guarantee is a guarantee given by the bank to the beneficiary on account of the applicant, to begin payment if the applicant defaults in payment. If you're looking for one, then Pepagora Trade Finance offers these services

Letter of Credit is presented by– (A) Exporter (B) Importer (C) Custom Officer (D) Shipping Company

Description : Letter of Credit is presented by– (A) Exporter (B) Importer (C) Custom Officer (D) Shipping Company

Last Answer : Answer: Importer

Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

Which of the following may be required as additional documents in a letter of credit? A. commercial invoice B. insurance document C. consular invoice D. certificate of origin E. all of the above

Description : Which of the following may be required as additional documents in a letter of credit? A. commercial invoice B. insurance document C. consular invoice D. certificate of origin E. all of the above

Last Answer : E. all of the above

If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed

Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed

Last Answer : E. confirmed

If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean

Description : If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean

Last Answer : B. irrevocable

Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above

Description : Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above

Last Answer : A. a check for the value of goods