Under an acceptance letter of credit, the responsibility of the issuing bank is
A. only to accept the bill
B. to pay against the bill
C. to accept the immediately and also to pay the amount of the bill on its due date.
D. to get the acceptance of the importer on the bill.
Answer:C
Under an acceptance letter of credit, the responsibility of the issuing bank is
A. only to accept the bill B. to pay against the bill C. to accept the immediately and also to pay the amount of the bill on its due date. D. to get the acceptance of the importer on the bill.