A documentary credit, whether revocable or not, includes a condition that it is transferable or non-transferable.

Select one:

True

False

The bank can amend the guarantee by extending its term or amending its conditions:

Select one:

a. Upon client request and beneficiary approval

b. At the request of the beneficiary

c. At the request of the bank

The bank does not charge any commission in the event of any amendment or extension of the documentary credit

Select one:

True

False

The bill is re-deducted with the central bank at an interest rate higher than the interest rate that the bank had taken from the beneficiary of the bill when discounting it

Select one:

True

False