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svetoff [14.1K]
2 years ago
12

the document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentatio

n of particular, specified documents is called the
Business
1 answer:
yuradex [85]2 years ago
3 0

The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Letter of credit is also called documentary credit or bankers commercial credit.

The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.

This document is usually a mode of payment used for the importation of visible goods.

In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Read more about letter of credit

<em>brainly.com/question/15837848</em>

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Timber Mills Corporation and Ur-Choice Lumberyards enter into a contract for a sale of plywood. Under a destination contract, th
Sergeu [11.5K]

Answer:

b. deliver the goods to a particular destination.

Explanation:

Under the delivery contract when there is a contract between the buyers and sellers, the seller is obligated to deliver the good to a particular destination. After delivery to the destination the seller's obligation to the buyer ends.

So the contract between Timber Mills corporation and Ur-Choice Lumber yards, the supplier must deliver the goods to a predetermined location.

8 0
3 years ago
The quality of a soil is most directly related to ________.
Illusion [34]
Its capacity to perform the functions you or a person want it to
5 0
2 years ago
Which two things do CRM methods accomplish?
Artist 52 [7]

Answer:

I think it's make decisions

Explanation:

"CRM is a set of methods that companies use to <em>understand </em>customers. These methods <em>make decisions</em> regarding the selected customer segments"

3 0
3 years ago
Read 2 more answers
The Great Recession, a sharp economic downturn that begun in 2008, brought high unemployment, increased business failures, and a
Molodets [167]

According to Joseph Schumpeter, the stage that is described above is the Recovery stage.

<h3>What happens in the recovery stage?</h3>
  • The country begins to recover from the negative economic conditions of the depression.
  • Signs of stability will begin to appear.

In the recovery stage, economic activity will start to rise as there will be more production of goods and services.

Unemployment will also begin to drop as more companies hire people to produce. They will in turn increase spending which would further stimulate the economy.

In conclusion, this is the recovery stage.  

Find out more on the recovery stage at brainly.com/question/3951038.

8 0
2 years ago
Suppose that the pound is pegged to gold at £20 per ounce and the dollar is pegged to gold at $35 per ounce. This implies an exc
AfilCa [17]

Answer:

The exchange rate implies in exchange rate of $1.75 but current market exchange rate is $1.80 which means that the dollar is undervalued and pound is over valued in the market.

We will buy Dollar in the market and use these dollars to buy gold and then sell this gold in Euros

E.G Buy a $1000 from the market for £555(10,000*1/1.8)

After that we can by 28.5(1000/35) ounces of gold from that and sell the gold for £571(20*28.5). This way we make a profit of £16 (571-555) without taking any risk.

Explanation:

4 0
2 years ago
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