For banks to issue a letter of credit, the customer must have? a. Approved credit line or
Question:
For banks to issue a letter of credit, the customer must have?
a. Approved credit line or funds on account
b. Good credit standing
c. Funds available to cover the line of credit
d. Approval by bank president
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial Investigation And Forensic Accounting
ISBN: 9780367864347
3rd Edition
Authors: George A Manning
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
A bank in the United States, First Midwestern National Bank, was approached by the principal of a company which designed, manufactured and distributed jewelry made from natural gems and stones. The...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Describe and sketch the surface. 16x + 16y -9z = 0
-
Determine the location (xc, yc) of the centroid of the triangular area. y = mx
-
By what percentage does the frequency of oscillation change if k surf = 5 N/m? (a) 0.1%; (b) 0.2%; (c) 0.5%; (d) 1.0%. One technique for making images of surfaces at the nanometer scale, including...
-
Consider the overall effects on Fossil of selling watches on account for \($53,000\) and paying expenses totaling \($37,000\). What is Fossils net income or net loss? a. Net loss of \($16,000\) b....
-
The following income statement was drawn from the records of Joel Company, a merchandising firm: JOEL COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (2,000 units ...
-
Table 1 shows information for exchange rates and price indexes for different countries and for the U.S. Country Currency Table 1 Currency per U.S. Price U.S. Dollar Index Country Price Index Bolivia...
-
Banks are not allowed to exchange foreign currency. T or F
-
In the 1980's, banks began adding another field on the check which is? a. Date b. Check number c. Payee d. Tax number
-
Define the followings: 1. Edge effect 2. Riparian zone 3. Black grass bugs 4. Coyote getter
-
Subzero Warehouse, Inc. leased equipment from Northern Finance on January 1, 2021 with a fair value of $450,000. The lease term is 4 years and requires equal rental payments at the beginning of each...
-
Why does a business need to define its mission and engage in planning? Dan Smith is a management consultant with the firm Business Advisors. He's sitting in his office one day when the telephone...
-
Early in 2025, Carla Vista Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,400,000 $3,700,000 Cost...
-
Fun is a stimulant to people. They enjoy their work more and work more productively," says Herb Kelleher, chief executive officer at Southwest Airlines. Kelleher credits the enormous success of...
-
You were born and have lived all your life in Soto, Japan. You taught high school English in and around Soto for more than twenty years. Two years ago you received a promotion and now work at the...
-
List some possible causes of assignable variation.
-
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
-
Discuss some reasons why a firm that produces installations might use direct distribution in its domestic market but use intermediaries to reach overseas customers.
-
Explain discrepancies of quantity and assortment using the clothing business as an example. How does the application of these concepts change when selling steel to the automobile industry? What...
-
Explain the four regrouping activities with an example from the building supply i n dustry (nails, paint, flooring, plumbing fixtures, etc.). Do you think that many specialists d e velop in this...
-
What are your ideas for Implementation and Assessing the Solution? How did you implement and assess the success? What should the time frame look like? What resources will be needed? What criteria...
-
You are representing your client at a hearing to determine the validity of a liquor license suspension. Shortly before the hearing you discover that the investigator who recommended that your...
-
How does sharding impact query processing and optimization in a distributed relational database, especially for complex queries that span multiple shards ?
Study smarter with the SolutionInn App