What is revolving L/C? – McqOptions

MCQOPTIONS

1.	What is revolving L/C?
A.	The amount becomes available again without issuing another L/C and usually under the same terms and conditions
B.	Payment is on unconfirmed irrevocable basis
C.	Payment is on a future date
D.	none
Answer» B. Payment is on unconfirmed irrevocable basis

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