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    Question

    A bank will open credit under a letter of credit on the

    request of _________ .     
    A Importer Correct Answer Incorrect Answer
    B Exporter Correct Answer Incorrect Answer
    C Issuing bank Correct Answer Incorrect Answer
    D Advising Bank Correct Answer Incorrect Answer
    E Negotiating Bank Correct Answer Incorrect Answer

    Solution

    The importer or buyer is the person who applies to the bank to open a letter of credit, since he would be either purchasing goods or availing services for which payment has to be made.  

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