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

19. Why LCs are formally called “documentary credits”?

A. Because a LC is a binding agreement by a bank to pay a certain sum of money when

the exporter presents the necessary documents to the bank

B. Because the LC is issued by an issuing bank at the request of the buyer

C. Because in a LC situation, documents are exchanged for money

D. Because the documents in a LC are proofs of trust