Remittance and collection belong to commercial credit, and letter of credit belongs to banker’s credit.
举一反三
- Letter of credit belongs to banker’s credit.
- The role of Exporter in international settlement might be _______.() A: beneficiary in documentary letter of credit B: Applicant in documentary letter of credit C: principal in documentary collection D: drawer of commercial draft in collection and letter of credit
- The characteristics of the letter of credit include that （ ）。 A: a letter of credit business is a banker's credit B: a letter of credit is an independent instrument C: the exporter must be able to get paid under L/C D: a letter of credit is a kind of transaction of documents
- Which payment method are widely used in international trade? A: Documentary Collection B: Remittance C: Letter of Credit D: Credit card
- To the exporter, the fastest and safest method of settlement is ( ) A: letter of credit B: remittance under cash in advance C: remittance under open account D: banker's draft