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

31. The stand-by letter of credit originated in the US is used there because …

E. It is very popular for US exporters to ask for payment from their buyers or

customers.

F. It is much more convenient to ask for one in the US instead of the ordinary letters

of credit.

G. The banking law in some states forbids banks to issue payment guarantee

H. English banks prefer to issue demand guarantees and ordinary letters of credit.