O-LevelCommerceGlobal trade7100/12 · May/June 2023 · Q291 Mark

Which international trade document provides the seller with a guarantee of payment if the buyer fails to make the payment?

Acrossed cheque

Belectronic transfer

Cletter of credit

Dtrading certificate

✓ Correct answer

C: letter of credit

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2023 Paper 1 Variant 2, question 29.

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