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Foreign trade transactions are carrried out through the use of

Commerce
NECO 2009
Foreign trade transactions are carrried out through the use of
  • A. commercial papers
  • B. bank drafts drawn by commercial banks on their foreign braches
  • C. irrevocably confirmed letters of credit
  • D. letters of credit authenticated by embassies
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Correct Answer: Option C
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now