Iip301 quiz 3 questions - Study guides, Class notes & Summaries

The currency not widely used in international payment: Select one: a. The German Deutsche Mark (DM) b. The Euro (€) c. The US Dollar ($) d. The Japanese Yen (¥) A In documentary credits, the date when the issuing bank is bound to be responsible for L/C amendment is determined: a. whenever the buyer or the seller has any issues. b. by any period before the opening of the first L/C. c. from the date issuing amendment L/C. d. 7 working days from the date of the L/C amendment. C...