The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is

Letter of Hypothecation

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Letter of Credit

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Bill of exchange

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Bill of Lading

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Solution

The correct option is B
Letter of Credit

The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is a letter of credit.

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The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

(a) Letter of hypothetication

(b) Letter of credit

(d) Bill of exchange

Q. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is ________.

Q. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is called as ________.

It is guaranteed, that the letter issued by the import's bank stating that it will honour the report bills to the bank of the exporter on to a certain account. Identity the document.

Q. Kinds of Negotiable Instruments
A bill of exchange is called as a/an ______ when bill of exchange drawn by one bank on another bank, or by itself on its own branch.

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The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is

The correct option is B Letter of Credit The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is a letter of credit.

The correct option is B
Letter of Credit

The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is a letter of credit.