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    Question

    In a Letter of Credit (LC) , the role of __________ is

    to guarantee the payment to the seller after verifying documents and fulfilling the terms of the LC .
    A Advising Bank Correct Answer Incorrect Answer
    B Negotiating Bank Correct Answer Incorrect Answer
    C Reimbursing Bank Correct Answer Incorrect Answer
    D Confirming Bank Correct Answer Incorrect Answer
    E Issuing Bank Correct Answer Incorrect Answer

    Solution

    The Negotiating Bank is responsible for verifying documents submitted by the seller under the Letter of Credit and making the payment if everything is in order

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