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Exam CLTD topic 1 question 201 discussion

Actual exam question from APICS's CLTD
Question #: 201
Topic #: 1
[All CLTD Questions]

A manufacturing company agrees to export tools to a Chinese company using a letter of credit (L/C). Which of the following entities guarantees the payment for the tools?

  • A. A bank
  • B. The Chinese company
  • C. A credit insurance company
  • D. A beneficiary
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Suggested Answer: B 🗳️
by CDD2444 at Dec. 28, 2022, 4:14 p.m.

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Aziz8903
1 year, 3 months ago
A. A bank the gurantee is from the issuing bank as it's L/C
upvoted 2 times
...
CDD2444
1 year, 11 months ago
The correct answer to this questions is A
upvoted 2 times
...

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C (25%)
B (20%)
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