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Title: In which of the following forms of export financing does a bank assume a financial obligation?
Post by: seaweed on Mar 13, 2017
In which of the following forms of export financing does a bank assume a financial obligation?
A) with an L/C but not a documentary collection
B) with a documentary collection but not an L/C
C) neither an L/C nor a documentary collection requires a bank to assume financial obligation
D) with either an L/C or a collection letter
E) with both an L/C and a documentary collection


Title: Re: In which of the following forms of export financing does a bank assume a financial obligation?
Post by: somemos on Mar 13, 2017
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Title: Re: In which of the following forms of export financing does a bank assume a financial obligation?
Post by: seaweed on Apr 30, 2017
Answered correct!