Explain the difference between a letter of credit (L/C) and a draft. How are they linked?
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A Letter of Credit LC is a document issued by a bank promising to pay if certain d...View the full answer
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Related Book For
Multinational Business Finance
ISBN: 978-0132743464
13th edition
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
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