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When and who prepares Letter of credit and is any relation
with bill of exchange? pleas breaf with examle.
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Answer Posted / abdul
Letter of credit is Letter from bank to receive our loan
amount for exporting materials purchased.usually banks
first give that amount,after taking that loan amount
through our foriegn buyers paid our payment like bill of
exchange with interest.
| Is This Answer Correct ? | 2 Yes | 1 No |
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