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Commerce · Q568

Business and Commerce

Graduate and Post Graduate · Commerce · question 568

Q568

When the Exchange Bank sends all the documents to its branch in the importer's country with the instruction to deliver the shipping documents to the importer against the receipt of money from him, such documents are known as:

A.
D/A
B.
Letter of Credit
Answer
C.
D/P
D.
Foreign Bill of Exchange

Answer: Option B

Solution

Answer: Option B
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