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    Question

    The UCP 600 issued by the International Chamber of

    Commerce relates to which activity?
    A Domestic bank lending Correct Answer Incorrect Answer
    B Insurance contracts Correct Answer Incorrect Answer
    C International trade finance through Letters of Credit Correct Answer Incorrect Answer
    D Corporate governance Correct Answer Incorrect Answer
    E Capital adequacy norms Correct Answer Incorrect Answer

    Solution

    UCP 600 sets global rules for documentary credits (LCs), standardizing procedures for international trade.

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