1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
3 years ago
6

Which of these is an example of a bank’s commitment to pay? a. Fee arbitration agreement b. A warrant c. Letter of credit d. Bil

l of lading
Business
1 answer:
igor_vitrenko [27]3 years ago
7 0

Answer:

Letter of credit

Explanation:

A letter of credit is a written guarantee from a buyer's bank to the seller, assuring them of payments from the buyer. Should the buyer fail to honor the payments, the bank commits itself to pay. The letter of credit guarantees the seller that upon meeting some pre- defined conditions, the bank would release to them a specified amount, in the stated currency.

Letters of credit are most suited for international trade. The nature of foreign trade is that buyers and sellers do not know each other and operate under different laws. A letter of credit assures each party that the other will fulfill their obligation. The issuing bank will charge for providing the letter of credit services.

You might be interested in
Which is not a reason for supporting ethical relativism?
raketka [301]

This is not the reason why not support ethical relativism; Ethical relativism holds that there is a right and wrong, even though we do not agree about what is right and wrong and If people disagree about some moral matter, their disagreement will always be due to their having different moral values.

4 0
3 years ago
Which of the poeple or insittiuations listed exercises the msot power over the quantity of money in the united states economy?
givi [52]

The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.

<h3>What does an increase in labor efficiency mean?</h3>

favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.

<h3>What do the symbols on Continental currency designs represent?</h3>

In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.

Learn more about banknotes:

brainly.com/question/15795738

#SPJ4

8 0
2 years ago
Strategies developed at the departmental level, such as the accounting, human resources, production, and marketing departments,
mrs_skeptik [129]

Answer:

D. Functional Strategies

Explanation:

Functional Level Strategy is the strategy which is formulated in other  assist in the execution of corporate and business level strategies. These strategies are formulated based on the  guidelines given by the top level management.

The functional level management is concerned with tactical decision making i.e making decisions in the operational level of the organisation department which might include production, marketing, finance, human resource, research and development etc.

The functional level strategy is a day to day strategy that assist in achieving the broad aim of the organisation  

6 0
3 years ago
Gloria has finished reading 30% of a 340 page novel. how many pages has she read?
gtnhenbr [62]
Gloria has read 102 pages of the novel.
6 0
3 years ago
Which of the following statements is true?
bulgar [2K]

the answer is the letter C

7 0
3 years ago
Other questions:
  • The two major steps in preparing for a sales presentation are a. prospecting and practicing. b. advertising and practicing. c. e
    12·1 answer
  • Gnas Corporation's total current assets are $258,000, its noncurrent assets are $638,000, its total current liabilities are $192
    10·1 answer
  • An advantage of using one diagnostic manual is that _____
    12·1 answer
  • In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive ad
    5·1 answer
  • Using the tables above, if an investment is made now for $20,000 that will generate a cash inflow of $8,000 a year for the next
    7·1 answer
  • How is alphabetizing a list of customer names an example of creating information
    5·1 answer
  • Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should inve
    9·1 answer
  • A company issues 9%, 5-year bonds with a par value of $140,000 on January 1 at a price of $145,678, when the market rate of inte
    6·1 answer
  • Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets tot
    7·1 answer
  • Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of an
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!