1.

The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is(a) Letter of hypothetication(b) Letter of credit(c) Bill of lading(d) Bill of exchange

Answer»

The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is



(a) Letter of hypothetication



(b) Letter of credit



(c) Bill of lading



(d) Bill of exchange



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