[originaltext]For one full year when the full principal plus interest is paid t

游客2025-06-20 9

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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