Question:
A letter of credits means
A. A bank agreeing to accept and pay on due date B. A letter containing conditions of credit purchase or sale C. A letter sent by exporter to importer sanctioning credit dial. D. A letter sent by importer to exporter sanctioning credit deal. Answer» a. A bank agreeing to accept and pay on due date| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |