Post Utme Christopher University 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice

Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A bank issues a letter of credit to a customer, which guarantees payment to the supplier upon presentation of the required documents. What is the purpose of the letter of credit?

Answer Options

Correct Answer A. To secure payment for the supplier

B. To guarantee payment to the customer

C. To provide a line of credit to the customer

D. To facilitate international trade

Correct Answer

Correct Option:

To secure payment for the supplier

About This Question

This is Post Utme Christopher University 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

View More Post Utme Christopher University 2017 Commerce Questions More Post Utme Christopher University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support