Post Utme Futo 2024 Commerce Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Futo Commerce examination.

Post Utme Futo 2024 Commerce Objective / Multiple Choice
Question 25 POST_UTME_FUTO • 2024 • COMMERCE • objective

The diagram below illustrates a type of banking service that is commonly used to facilitate international trade. What is the name of this type of service?

Answer Options

Correct Answer A. Letter of Credit
B. Bank Guarantee
C. Trade Finance
D. International Money Transfer
Correct Answer
A
Correct Option:
Letter of Credit

About This Question

This is Post Utme Futo 2024 Commerce Question 25. It is one of the objective questions from the 2024 Post Utme Futo Commerce examination.

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