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Under a Letter of Credit (L/C) Arrangement, the _____ Issues

Question 61

Multiple Choice

Under a letter of credit (L/C) arrangement, the _____ issues the L/C and sends it to the ____.


A) importer's government; exporter's government
B) importer's bank; exporter's bank
C) exporter's government; importer's government
D) exporter's bank; exporter's government

Correct Answer:

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