What is a documentary letter of credit?______.

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问题 What is a documentary letter of credit?______.

选项 A、A method of lending against documentary security
B、A conditional bank undertaking to pay an exporter on production of stipulated document-tation
C、An international trade settlement system biased in favour of importers
D、All of the above

答案B

解析 答案为B项。letter of credit,L/C“信用证”,是银行应进口人的请求,开给出口人的一种有条件的书面付款保证。开证银行保证在收到受益人交付全部符合信用证规定的单据的条件下,向第三者(受益人)或其指定人履行付款责任。信用证是一种银行信用。Documentary letter of credit“跟单信用证”,是指出口商需向银行提交符合信用证条款中所规定的汇票和其他单据。根据跟单信用证的定义,本题应选B项。
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