General Knowledge - Basic General Knowledge - Discussion

Discussion Forum : Basic General Knowledge - Section 1 (Q.No. 15)
15.
Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as
Letter of Credit (L/C)
laissezfaire
inflation
None of the above
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
29 comments Page 1 of 3.

Shiva Kumar said:   2 years ago
@All.

It is paper which guarantees the person (i.e, the exporter) gets paid immediately by the person (who imports the stock).
(2)

Drhamza said:   3 years ago
I think "laissez faire" means "let it be".

Ziva said:   6 years ago
Can you explain about L/C clearly? Please.
(1)

Sarah said:   6 years ago
What is inflation?

Sarah said:   6 years ago
Thanks all for the given information.

Akankhit said:   6 years ago
Gold is one of the safest assets and so less risky compared to shares.

When the economic condition of the country deteriorates, the market values of shares fall as well and investors buy gold by selling shares. And when economic conditions improve investors switch to shares from gold.

The gold market is negatively correlated to share market.
(1)

Komal said:   7 years ago
Awesome explanation. Thanks.

SDM said:   8 years ago
Laissezfaire is a form of an economy where the government intervention is least.

Martin said:   8 years ago
What is laissezfaire?
(2)

Nini said:   9 years ago
I can't understand. Please, can anyone explain it clearly?


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