International bankers
A. letter of confirmation
B. letter of transfer
C. letter of credits
D. letter of buying
Answer: Option C
Solution(By Examveda Team)
International bankers letter of credits. A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.This Question Belongs to Management >> International Finance And Treasury
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