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    International Business Law
  4. Exam
    Exam 7: Bank Collections and Letters of Credit
  5. Question
    A Letter of Credit Is a Contract Between
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A Letter of Credit Is a Contract Between

Question 39

Question 39

Multiple Choice

A letter of credit is a contract between:


A) the seller and the buyer's bank.
B) the buyer's bank and the seller's bank.
C) the sellers and their own bank.
D) the buyers and their own bank.

Correct Answer:

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