Under an irrevocable credit, who must undertake primary liability for payment？ （1)（) the applicant

An irrevocable confirmed credit gives the beneficiary: （1)（) a single assurance of payment （2)（)

Under negotiation credit, the negotiating bank make payment to the beneficiary （1)（) with recourse

Under negotiation credit, the confirming bank make payment to the negotiating bank （1)（) with reco

Under negotiation credit, the issuing bank make payment to the confirming bank （1)（) with recourse

Documents are presented in accordance with the terms of an unconfirmed documentary credit payable at

An（），serving a function similar to a physical wallet, holds credit card numbers,electroru