what is letter receiving book? describe it's advantages?
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a book in which letters or copies of letters are kept especially to provide a running account of a business or enterprise the general's letter books give an intimate picture of the campaign.
Disadvantages of a letter of credit: It is expensive: Both exporters and importers have to pay high fees when choosing the letter of credit as a payment option. It is difficult: Letters of credit requires experienced stuff who possess certain amount of trade finance knowledge.
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you'll make some one happy : the receiver of your letter is going to get a burst of excitement and know that you care
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