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boland boland
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8 years ago
Which of the following is NOT true regarding a letter of credit?
A) The exporter applies to its local bank for the issuance of a letter of credit.
B) The importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer.
C) The importer applies to its local bank for the issuance of a letter of credit.
D) The importer and exporter agree on a transaction.
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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boland Author
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