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boland boland
wrote...
Posts: 1892
8 years ago
In a letter of credit, the bank substitutes its credit for that of the importer and promises to pay if certain documents are submitted to the bank.
A) True
B) False
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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Answer verified by a subject expert
noxx53noxx53
wrote...
Top Poster
Posts: 1891
8 years ago
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boland Author
wrote...
8 years ago
Woah how do you have the time to do all this?!

Thanks Smiling Face with Open Mouth
wrote...
8 years ago
Happy to help Smiling Face with Open Mouth
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