An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:
A) in-house export organization.
B) bank.
C) freight forwarder.
D) credit union.
E) checking account.
Answer: B) bank.
An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:
A) in-house export organization.
B) bank.
C) freight forwarder.
D) credit union.
E) checking account.
Answer: B) bank.