What is a letter of credit? What risks do the parties to a letter of credit take?

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International Money and Finance

ISBN: 978-0123852472

8th edition

Authors: Michael Melvin, Stefan C. Norrbin

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Question Posted: Mar 09, 2016 06:23 AM

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What is a letter of credit? What risks do the parties to a letter of credit take?

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A Letter of credit is a written instrument issued by banks at the re...View the full answer

International Money and Finance

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