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In a Transaction Involving a Letter of Credit,in Addition to the Importer

Question 34

Multiple Choice

In a transaction involving a letter of credit,in addition to the importer and the exporter,what other two parties are usually involved?


A) The extending bank and the receiving bank
B) The issuing bank and the confirming bank
C) The paying banks and the paid bank
D) The authorizing bank and the approving bank

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