DOCUMENTARY CREDIT
Authored by Dat Dat
Other
Professional Development
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many groups of risks are there in L/C?
3
5
4
8
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many steps are there in the documentation process?
3
5
2
4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do the terms and conditions of a documentary credit revolve?
the presentation of documents that evidence title to goods shipped by the seller
payment
Both A&B are correct
Both A&B are not correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are documentary credits also known as?
Letter of credits
Documentary letters
Both A&B are correct
Both A&B are not correct
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many types of credits are there in standard documentary credits?
4
5
2
3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is irrevocable documentary credit?
noncancellable by the buyer, the most popular variation for sellers
a second bank, in addition to the buyer’s bank, guarantees payment
payment guaranteed only by the issuing bank
the buyer maybe cancel
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In these 4 types of credits, which one is specialized credits?
Confirmed documentary credit
Revolving credits
Irrevocable documentary credit
Unconfirmed documentary credit
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
