(A) an exporter
(B) an importer
(C) a buying agent
(D) a bank
The answer is: (C) a buying agent
Normally, banks issues a letter of credit (LC) on behalf of a buying agent.
(A) an exporter
(B) an importer
(C) a buying agent
(D) a bank
The answer is: (C) a buying agent
Normally, banks issues a letter of credit (LC) on behalf of a buying agent.