Author Question: A confirmed letter of credit may obligate the exporter's bank to honor a draft presented to it. ... (Read 77 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
A confirmed letter of credit may obligate the exporter's bank to honor a draft presented to it.
 
  Indicate whether the statement is true or false

Question 2

Counterpurchase is sometimes called parallel barter.
 
  Indicate whether the statement is true or false


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

TRUE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library