Melanie’s Marbles is a young company that buys unusual marbles from many places around the world. To provide assurance for her v

Question

krok68 [10]

3 years ago

12

Melanie’s Marbles is a young company that buys unusual marbles from many places around the world. To provide assurance for her v

endors that they will be paid, Melanies has established a ______________ at her bank.

Social Studies

1 answer:

Marta_Voda [28] · Answer 1 · 2022-02-15T13:36:32+03:00

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.