What are the risks involved with the letter of credit? Question 7 options: 1) The exporter might not ship the goods as mentioned 2) It is a costlier method of payment than open account or documentary credit 3) Exporter is exposed to the commercial risk of the Issuing Bank, unless the L/C is confirmed 4) All answers can be considered correct

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The detailed answer for the above question is provided below 4 All answers can be considered correct ... View the full answer