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Letter of Credit

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Letter of Credit

Quiz

To test your understanding about our product.

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About Quiz
letter of credit
letters
credit
international
financing
 Recommended age: 18 years old
54 times made

Created by

Islamic Commerce Berhad
Islamic Commerce Berhad
Malaysia

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Letter of CreditOnline version

To test your understanding about our product.

by Islamic Commerce Berhad
1

What is Letter of Credit?

Choose one or more answers

2

How many types of letter of credit?

Choose one or more answers

3

. Answer below are all correct about types of letter of credit EXCEPT...

Choose one or more answers

4

Which Islamic contract used in Letter of Credit?

Choose one or more answers

5

. What is the Islamic terms of fee/commision?

Choose one or more answers

6

Banks charge fee/commision as...

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7

Bank pays the payment to the exporter using...

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8

Can the client purchase the bank's share of imported goods?

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9

At which step the exporter will ship their goods?

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10

What is the meaning of Advising Bank?

Choose one or more answers
 
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