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  • Letter of credit is issued by the seller's / exporter' s ...
Multiple choice

Letter of credit is issued by the seller's / exporter' s bank.

  1. True

  2. False

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

A Letter of Credit is issued by the buyer's (importer's) bank, not the seller's bank, to guarantee payment to the seller upon presentation of specified documents.

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