BNK601 - Banking Laws & Practices
Question(s) similar to the following:
Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Question 1: Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Letter of credit
Open account
Documentary collection
Payment in advance
Similar Questions:
Question 2: Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Letter of credit
Open account
Documentary collection
Payment in advance
Quizzes of BNK601 - Banking Laws & Practices
Question 1: Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Letter of credit
Open account
Documentary collection
Payment in advance
Similar Questions:
Question 2: Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Letter of credit
Open account
Documentary collection
Payment in advance
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