MCQOPTIONS
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MCQOPTIONS
| 1. |
A letter of credits means |
| A. | A bank agreeing to accept and pay on due date |
| B. | A letter containing conditions of credit purchase or sale |
| C. | A letter sent by exporter to importer sanctioning credit dial. |
| D. | A letter sent by importer to exporter sanctioning credit deal. |
| Answer» B. A letter containing conditions of credit purchase or sale | |