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    International Business Study Set 4
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    Exam 17: Appendix B: Export and Import Practices
  5. Question
    A ______ Letter of Credit Is a Confirmation Made by a Correspondent
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A ______ Letter of Credit Is a Confirmation Made by a Correspondent

Question 153

Question 153

Short Answer

A ______ letter of credit is a confirmation made by a correspondent bank in the seller's country by which it agrees to honor the issuing bank's letter of credit.

Correct Answer:

verifed

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confirmed
Explanation: A confi...

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