Kizspy | Question: 36
(Choose 1 answer)
Which of the following best describes a revolving letter of credit?
A. It is a letter of credit that can be used multiple times for different transactions without the need for
re-approval.
B. It is issued only for one-time transactions.
C. It guarantees payment for a specific shipment only and cannot be used for other transactions.
D. It allows the buyer to transfer payment duties to a third party.
