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  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • The letter of credit is opened on the request of
Multiple choice

The letter of credit is opened on the request of

  1. issuing bank

  2. applicant

  3. beneficiary

  4. confirming bank

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Bank issues a credit on the request of an applicant.

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