Post Utme Babcock University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_BABCOCK_UNIVERSITY • 2017 • COMMERCE • objective

A company is involved in international trade. What is the primary advantage of using a letter of credit?

Answer Options

A. Reduced transaction costs
Correct Answer B. Improved payment security
C. Enhanced trade finance
D. Increased export revenue
Correct Answer
B
Correct Option:
Improved payment security

About This Question

This is Post Utme Babcock University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Babcock University Commerce examination.

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