THE STAND-BY LETTER OF CREDIT ORIGINATED IN THE U.S. IS USED THERE...

21. The stand-by letter of credit originated in the U.S. is used there

because……….

A. it is very popular for U.S. exporters to ask for payment from their buyers of

customers

B. it is much more convenient to ask for one in the U.S. instead of the ordinary letters

of credit

C. the banking law in some states forbids banks to issue payment guarantee

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