Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank.
B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank.
C) The exporter's bank is the advising, confirming, and issuing bank.
D) The importer's bank is the advising, confirming, and issuing bank.
E) none of the above
B
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___________________ & Regulation _______ prohibit the giving or accepting of any fee, kickback, or thing of value in connection with the referral of a settlement service.
A. ECOA & Regulation B B. HERA & Regulation C C. RESPA & Regulation X D. TILA & Regulation Z
Solutions to order fulfillment problems along supply chains include
A) improvements in the order-taking activity. B) warehousing and inventory management improvements. C) speeding deliveries. D) all of the above.