Question: Which of the following statements is true? The issuing bank of a letter of credit will pay the beneficiary only when the buyer indicates that

Which of the following statements is true?

The issuing bank of a letter of credit will pay the beneficiary only when the buyer indicates that all is in order

The issuing bank of a letter of credit would pay the beneficiary after inspecting the goods being shipped

The issuing bank of a letter of credit will pay the beneficiary on demand

The issuing bank will pay the beneficiary (or the advising/confirming bank) upon inspecting documents for compliance with instructions.

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