Question

Melanie’s Marbles is a young company that buys unusual marbles from many places around the world. To provide assurance for her vendors that they will be paid, Melanies has established a ______________ at her bank.

Answer 1

Answer:

letter of credit.

Explanation:

Hello! A letter of credit is a document through which a banking entity issues a payment order in charge of a customer, whose beneficiary is a third party who is paid goods or merchandise. The letter of credit is a payment tool and in some cases financing. This is the way that the company will use to make sure to pay the vendors abroad.