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    International Financial Management
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    Exam 19: Financing International Trade
  5. Question
    A Bank Issuing a Letter of Credit on Behalf of an Importer
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A Bank Issuing a Letter of Credit on Behalf of an Importer

Question 43

Question 43

True/False

A bank issuing a letter of credit on behalf of an importer is obligated to make the payment due under the letter of credit regardless of the importer's willingness or ability to pay.

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