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A bank's undertaking to pay an exporter on behalf of an importer is a?
Classroom
Commerce Classroom
Waec
Waec 2005
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A bank's undertaking to pay an exporter on behalf of an importer is a?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Documentary credit
B
Letter of credit
C
Letter of hypothecation
D
Bill of exchange
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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