Post Utme Noun 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Noun Commerce examination.

Post Utme Noun 2024 Commerce Objective / Multiple Choice

Question 9 POST_UTME_NOUN • 2024 • COMMERCE • objective

A company is considering exporting its products to a foreign market. What is the primary advantage of using a letter of credit (L/C) in international trade?

Correct Answer A. It provides a guarantee of payment by the buyer's bank

B. It reduces the risk of non-payment by the buyer

C. It facilitates the exchange of goods and services between countries

D. It provides a means of financing the export transaction

Correct Answer

Correct Option:

It provides a guarantee of payment by the buyer's bank

This is Post Utme Noun 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.

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