Guarantee to an exporter that the importer will pay immediately for the goods ordered by him, is knows as

A Letter of Credit
B inflation
C laissez -faire
D None of these

Correct Answer: Letter of Credit

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as Letter of Credit (L/C). A Letter of Credit, also known as LC or Documentary Credit, is a commonly used instrument for effecting payment between a buyer and a seller.
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#সাধারণ জ্ঞান #BASIC Bank Ltd #Basic bank recruitment 2018; auditor -- 26.01.2018

Related Questions

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as -
A Laissez -faire
B Inflation
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