A ________, which shifts the buyer's credit risk to the bank, is not a guarantee of payment to the seller. Rather, payment is tendered only if the seller complies exactly with its terms.

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A letter of credit shifts the buyer's credit risk to the bank and requires the seller to comply exactly with its terms to receive payment. It is not a guarantee of payment but a conditional commitment by the bank.

A ________, Which Shifts the Buyer's Credit Risk to the Bank