Who issues letter of credit?
(a)
Exporter bank (b)
Importer bank (c)
Exporter
(d)
Importer
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A letter of credit is a document that guarantees the buyer's payment to the sellers. It is Issued by a bank and ensures the timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.
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