Q419
International bankers
A.
letter of confirmation
B.
letter of transfer
C.
letter of credits
AnswerD.
letter of buying
Answer: Option C
Solution
Answer: Option C
Solution:
International bankers letter of credits. A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.