Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ? | MCQ Hive

Economics Mcqs

Q Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A A. letter of credit
B B. letter of expression
C C. demand draft
D D. letter of intent

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