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O-LevelCommerceGlobal trade7100/12 · Oct/Nov 2015 · Q341 Mark

Which document, used in international trade, ensures that an exporter will receive payment?

Aair waybill
Bbill of exchange
Cbill of lading
Dletter of credit

✓ Correct answer

D: letter of credit

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2015 Paper 1 Variant 2, question 34.

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