asked 40.7k views
3 votes
A letter of credit is provided to a ___

A. seller
B. warehouse worker
C. Bank
D. buyer

asked
User Tsolakp
by
8.6k points

2 Answers

1 vote

Answer: the foreign buyer's. so buyer

Step-by-step explanation:

A letter of credit is a document sent from a bank or financial institute that guarantees that a seller will receive a buyer's payment on time and for the full amount.

answered
User Kevin Choi
by
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4 votes


ANSWER:)

A letter of credit is provided to a seller


EXPLANATION:)

A letter of credit, or a credit letter, is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. If the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. It may be offered as a facility (financial assistance that is essentially a loan)

~hope it helps~

answered
User Mick Walker
by
7.7k points

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