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CTP · Question #496

(Topic 5) All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:

The correct answer is C. foreign currency exposure. See the full explanation below for the reasoning.

Question

  • (Topic 5)

All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:

Options

  • Athe buyer's ability to pay.
  • Bthe ability to receive cross-border payments.
  • Cforeign currency exposure.
  • Dthe stability of the buyer's bank.

How the community answered

(51 responses)
  • A
    2% (1)
  • B
    12% (6)
  • C
    80% (41)
  • D
    6% (3)

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