International bankers

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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.

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