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  • A bank issued an LC, which is to expire on around June 30...
Multiple choice

A bank issued an LC, which is to expire on around June 30. Its expiry date falls on

  1. 10th July or 20th June

  2. (+) or (-) 5 calendar days

  3. (+) or (-) 10 calendar days

  4. Such LC is not valid

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

Correct Answer: (+) or (-) 5 calendar days

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