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    Exam 18: Global Opportunities for Small Business
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    A Revocable Letter of Credit Is an Agreement to Honor
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A Revocable Letter of Credit Is an Agreement to Honor

Question 85

Question 85

True/False

A revocable letter of credit is an agreement to honor a draft or other demand for payment when specified conditions are met and cannot be changed unless both the buyer and the seller agree to the change.

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