Which of the following refers to an instrument issued by a bank-00745
Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
This multiple choice question (MCQ) is related to the book/course
vu bnk601 Banking Laws & Practices.
It can also be found in
vu bnk601 Lecture No.09 - Quiz No.1.
Which of the following refers to “an instrument issued by a bank in which the bank furnishes its credit which is both good and well known, in place of the buyer’s credit, which may be good but is not so well known”?
Letter of credit
Open account
Documentary collection
Payment in advance
