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Question 45

A bank's undertaking to pay an exporter on behalf of an importer is a

  • A.documentary credit
  • B.letter of credit
  • C.letter of hypothecation
  • D.bill of exchange
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
2005
Question no.
#45
Type
Objective
Previous · Q44An organization formed mainly by traders on the same line of business is known… Next · Q46 Who among the following cannot be regarded as an itinerant trader

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