Assets sold on or before the 15th are not considered owned for the month based on the nearest whole month convention

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?

A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.

Task identity is the degree to which a job requires completion of a whole and identifiable piece of work

Indicate whether the statement is true or false