CÂU 50. WHAT DOES PROMPT PAYMENT OF LETTET OF CREDIT DEPEND ON

38. Why letters of credit are formally called “documentary credits”?

E. Because a letter of credit is a binding agreement by a bank to pay a certain sum of

money when the exporter presents the necessary documents to the bank.

F. Because a letter of credit is issued by an issuing bank at the request of the buyer

G. Because in a letter of credit situation, documents are exchanged for money

H. Because the documents in a letter of credit are proofs of trust.