In global trade, a ________ is a written agreement by a bank to pay the seller, on account of the buyer, a sum of money upon presentation of certain documents.
A) bank check
B) letter of credit
C) trade card payment
D) micropayment
Answer: B
In global trade, a ________ is a written agreement by a bank to pay the seller, on account of the buyer, a sum of money upon presentation of certain documents.
A) bank check
B) letter of credit
C) trade card payment
D) micropayment
Answer: B