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    Exam 31: Nature of the Debtor Creditor Relationship
  5. Question
    A Letter of Credit: ______
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A Letter of Credit: ______

Question 30

Question 30

Multiple Choice

A letter of credit: ______.


A) is an advance arrangement for financing.
B) is used only in domestic sales.
C) involves only two parties.
D) is used only in international sales.

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