Post Utme Eksu 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Eksu Commerce examination.

Post Utme Eksu 2020 Commerce Objective / Multiple Choice

Question 28 POST_UTME_EKSU • 2020 • COMMERCE • objective

A firm is engaged in international trade and is considering the use of a letter of credit. What is the primary purpose of a letter of credit?

A. To provide a guarantee of payment

B. To facilitate the exchange of goods

Correct Answer C. To reduce the risk of non-payment

D. To increase the cost of trade

Correct Answer

Correct Option:

To reduce the risk of non-payment

This is Post Utme Eksu 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Eksu Commerce examination.

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