As the bank has grown and expanded to other towns in its region, several of its business customers are participating in global trade. Which of the following services provided by the bank would help companies conduct international business?

Question

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Banks help companies conduct business in other countries by providing three services: letters of credit, banker's acceptances, and currency exchange. When a business signs a letter of credit with its bank, it gives the bank permission to disburse funds from its account in payment of foreign goods and services, providing that certain conditions are met, as designated on the letter of credit.

As the Bank Has Grown and Expanded to Other Towns