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    Financial Institutions Management Study Set 2
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    Exam 16: Off-Balance-Sheet Activities
  5. Question
    Documentary Letters of Credit Are Contingent Guarantees Sold by an FI
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Documentary Letters of Credit Are Contingent Guarantees Sold by an FI

Question 30

Question 30

True/False

Documentary letters of credit are contingent guarantees sold by an FI to underwrite a trade or commercial performance of the buyer of the guarantee

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