1. Why is letter of credit the commonest method of payment in international trade? EX1: How to pay or be paid becomes a crucial choice as soon as you begin doing business across borders. When you do business internationally‚ there are ways of paying that you might never hear about when doing business in just one country. There are a lot of method of payment in intertraditional trade but the commonest method is letter of credit. Letters of credit are the most common method of payment in international
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Protection 3. Credit History 4. Card Benefits 5. Tracking expenses 6. Fraudulent Purchases Now I will provide a detailed explanation of what each is and why it is beneficial. 1. Floating‚ you’re probably imagining something floating in the air; however this isn’t what this term means. Have you ever heard "0.0% APY for 12 months"? This means that if I purchase an item‚ I don���‚��„�t have any interest on the purchase for a whole year. Disciplined people with good credit scores can
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Credit cards have affected people’s lives in the 21st century. Many people use credit cards as an identification tool. In my opinion‚ credit cards have many benefits if they are used wisely. Credit cards offer a safe alternative to cash‚ and an opportunity to develop a good credit rating. They also provide the consumer with more time to pay for his/her purchaser. Credit cards are a safe alternative to carrying cash. When you have your card in your wallet‚ you don’t have to carry cash that can be
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Advantages and Disadvantages of the Internet The Internet has developed since the first computer was ever made. It has got better and better now. It’s so common that you will find a computer in every house in your neighborhood. Everyone who owns the computer must be using it because most of the time we need the computer. Although the Internet is important to us and we use it every day‚ there are still many disadvantages of using the Internet. In my essay I will share with you the advantages and
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A CASE STUDY ON LETTER OF CREDIT OF EVEREST BANK LIMITED. AN INTERNSHIP REPORT ACKNOWLEDGEMENT It has been a really awesome experience to be an intern at Everest bank limited. During the internship‚ I got an opportunity to meet the top personality of the banking sector and I got to know the real working environment and procedures of the banking industry. This report is based on Issuance of Letter of credit at one of the leading bank of Nepal‚ Everest Bank Limited. It is prepared as a part of the
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Advantages and dis advantages of credit cards More and more people are using credit cards now a days .As the number of people using credits cards rises‚ also the number of people with bad credit rises .Instead of carrying a wad of cash in your wallet it’s not really hard to think about carrying something small and convenient .How about a small piece of plastic that’s about four inches long. More people are using plastic currency more than paper. But before you think about of just getting just any
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Advantages and disadvantages of technology? * 5 years ago * Report Abuse Zwun Best Answer - Chosen by Voters advantages- 1.made mundane things faster(paying bills‚ writing letters etc) 2.easier- like u asking a question and just waiting fer d ans :) 3. enabled us to explain previously unexplained things ( like what is matter made up of ‚etc) 4. made organization‚ co ordination more feasible on a larger scale 5. is helping us evolve faster(mentally) 6. Has given us the
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UNIVERSITY OF MICHIGAN T HE ROLE OF LETTERS OF CREDIT IN P AYMENT T RANSACTIONS Ronald J. Mann UNIVERSITY OF MICHIGAN LAW SCHOOL PAPER #00-002 This paper can be downloaded without charge at: The Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=214633 MLR R EVISED G ALLEYS1.DOC 05/03/00 12:36 PM THE ROLE OF LETTERS OF CREDIT IN PAYMENT TRANSACTIONS Ronald J. Mann* TABLE OF C ONTENTS I. THE BASIC L ETTER - OF-C REDIT TRANSACTION
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Advantages and Disadvantages of Internet Name Institution Man has come an extremely long way from during his journey from Neanderthal to Homo sapiens. The nineties saw a significant turn around‚ when they invented the computers. Until‚ some few years back‚ the word internet was anonymous to many people. However‚ today the internet has evolved into the powerful communication equipment for individuals around the world. The internet is a collection of various resources and services (Buchanan‚ 2002)
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ADVANTAGE OF HAVING TWO MONTHS PRIOR TO YOUR SEMINAR * The advantage in preparing your seminar in two months prior to your seminar is that you can prepare everything with excellence because you have a lot of time to prepare. * You have a lot of time to locate a good venue‚ decide a design so that can capture the audience interest by seeing the area so relaxing and refreshing. * Whatever food you plan to fix‚ try to keep to the middle of the road in your selections of what to fix. Think
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