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[originaltext]For one full year when the full principal plus interest is paid t
[originaltext]For one full year when the full principal plus interest is paid t
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2025-06-20
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问题
For one full year when the full principal plus interest is paid together, compound interest and simple interest yield the same dollar amount.
What is it called if a letter of credit is issued for guarantee of performance rather than payment?
选项
A、Back-to-back credit.
B、Reciprocal credit.
C、Documentary credit.
D、Stand-by credit.
答案
D
解析
单句问的是“为了确保履行协议而非真正付款的信用证称为什么信用证?”,答案应为stand-by credit,即备用信用证。back-to-back credit背对背信用证。reciprocal credit互惠信用证。documentary credit跟单信用证。
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