Module: General Practice
Q18: What is the role of the bank when it issues a guarantee on behalf of a customer?
✅ Correct Answer: B
Indemnitor.
The bank is the indemnitor, providing the guarantee.
This role implies significant liability, often discussed in Banker Customer Relationship MCQs.
The bank is the indemnitor, providing the guarantee.
This role implies significant liability, often discussed in Banker Customer Relationship MCQs.