IIP301_-_FE_-_SU_2023_440.webp
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IIP301_-_FE_-_SU_2023_440.webp

(Choose 1 answer)
Payment under an irrevocable documentary credit is guaranteed by the issuing bank. Howev seller's perspective, this guarantee may have limited value as the issuing bank may be
A. in a foreign country
B. beholden to the buyer
C. small and unknown to the seller
D. subject to unknown foreign exchange control restrictions
E. One of these
El 48

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