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Answer in one sentence:What is a Letter of Credit? - Secretarial Practice

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Question

Answer in one sentence:
What is a Letter of Credit?

One Line Answer
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Solution

A Letter of Credit is a payment or method, generally used for an international trade transaction.

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Chapter 11: Correspondence with Banks - Exercise Q.1 [Page 171]

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Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 11 Correspondence with Banks
Exercise Q.1 | Q 8.1 | Page 171
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