Evans plc is a UK company which is buying some goods from Tian Li Pty, a South Africa company. The companies have agreed to use a letter of credit for this contract With regard to the role of the companies and their banks, which of the following statements is accurate ? The importer and the issuing bank are in the UK, the exporter and the advising bank are in South Africa The exporter and the issuing bank are in the UK, the importer and the advising bank are in South Africa The exporter and the advising bank are in the UK, the importer and the issuing bank are in South Africa The importer and the advising bank are in the UK, the exporter and the issuing bank are in South Africa
Evans plc is a UK company which is buying some goods from Tian Li Pty, a South Africa company. The companies have agreed to use a letter of credit for this contract With regard to the role of the companies and their banks, which of the following statements is accurate ? The importer and the issuing bank are in the UK, the exporter and the advising bank are in South Africa The exporter and the issuing bank are in the UK, the importer and the advising bank are in South Africa The exporter and the advising bank are in the UK, the importer and the issuing bank are in South Africa The importer and the advising bank are in the UK, the exporter and the issuing bank are in South Africa
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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13. Evans plc is a UK company which is buying some goods from Tian Li Pty, a South Africa company. The companies have agreed to use a letter of credit for this contract
With regard to the role of the companies and their banks, which of the following statements is accurate ?
- The importer and the issuing bank are in the UK, the exporter and the advising bank are in South Africa
- The exporter and the issuing bank are in the UK, the importer and the advising bank are in South Africa
- The exporter and the advising bank are in the UK, the importer and the issuing bank are in South Africa
- The importer and the advising bank are in the UK, the exporter and the issuing bank are in South Africa
14. Timely plc is reviewing security in its information system and has identified a number of risks facing it. To improve risk management of the system the company has told its employees that any computer misuse by them will result in discriptionary action
What aspect of risk management has Timely plc employed regarding information security ?
- Risk transfer
- Risk acceptance
- Risk reduction
- Risk avoidance
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