Why are international banks able to earn large fees from providing letters of credit and forward currency

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Why are international banks able to earn large fees from providing letters of credit and forward currency transactions?

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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Question Posted: Sep 28, 2018 02:40 PM

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Why are international banks able to earn large fees from providing letters of credit and forward currency

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Financial Institutions, Markets and Money

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