Question: 8. When a bank accepts and approves documents under a customers sight letter of credit, _____________. (a) it will charge the customer irrespective of whether

8. When a bank accepts and approves documents under a customers sight letter of credit, _____________.

(a) it will charge the customer irrespective of whether the customer has money to pay

(b) it transports the inventory to a warehouse leased to the bank pending receipt of money from the customer

(c) it files UCC-1 statements with the appropriate authorities

(d) it is required to establish a loan loss reserve against this facility by the regulators

(e) none of the above

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