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    Exam 8: Importing,exporting,and Sourcing
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    An Irrevocable Letter of Credit Transfers the Payment Obligation for an Export
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An Irrevocable Letter of Credit Transfers the Payment Obligation for an Export

Question 6

Question 6

Multiple Choice

An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:


A) in-house export organization.
B) bank.
C) freight forwarder.
D) credit union.
E) checking account.

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