What does digital currency LCO mean
Letter of credit (L / C) refers to a written guarantee document issued by the issuing bank to a third party at the request of the applicant and in accordance with its instructions, which contains a certain amount of money and makes payment against the specified documents within a certain period of time. Letter of credit is the most important and commonly used method of payment in international trade
The specific operation process is as follows:1) both parties reach a contract
2) the importer applies to the bank to open L / C
3) the issuing bank gives an L / C opening order to the exporter's Bank
4) the advising bank informs the exporter that l / C has arrived, The exporter shall collect the L / C from the advising bank within the specified time limit. The exporter shall ship the goods within the specified time limit according to the L / C. The exporter shall prepare the documents required in the L / C and present the documents within the specified time limit. The exporter's bank shall pay the payment to the exporter in advance. The exporter's bank shall send the required bills of exchange to the importer's Bank. The importer's bank shall repay the exporter's Bank The importer's bank requires the importer to pay for the goods
in the catalytic cracking unit, LCO is recycle oil, that is, catalytic diesel, and HCO is recycle oil, that is, recycle oil
A: fragrant vinegar.
The existence of paper money will not be affected. The state has already said when it issued digital money that it is still money in essence. And people have special feelings for paper money, even if it will affect, it is difficult to change in a few times. However, big changes do not mean that they will be banned forever. Digital currency and no cash, in a way, still can not bring people a complete sense of security
Currency is a kind of exchange tool, which is used to regulate the market. With this tool, people can get what they want. No matter what money will become, its essence will never change. As long as people still use paper money, it can't disappear. Now we are moving towards the age of no cash, that is to change the direction of the inherent currency at best. Let the exchange tool add extra form