Commercial letters of credit and standby letters of credit tend to be very profitable for banks, yet

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Commercial letters of credit and standby letters of credit tend to be very profitable for banks, yet they seldom require banks to lend money. Explain why.

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 07:32 AM

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Commercial letters of credit and standby letters of credit tend to be very profitable for banks, yet

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Since no loan was made there is ...View the full answer

Money, Banking, Financial Markets and Institutions

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