(i) Letter of credit is issued by banks for domestic trade transactions.

Question

State whether the following statements are True or False

(ii) Bill of Exchange is a negotiable instrument.

(iii) The bank acts as a trustee, attorney, and executor of the will.

(iv) RTGS is an agency function of the Bank.

(v) The bank plays the role of Depository Participant (DP).

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Letter requesting a bank to issue a Letter of Credit.

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

(i) False

(ii) True

(iii) True

(iv) False

(v) True

5 views Answered 2023-02-05 15:29