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    Question

     To reduce a bank’s risks on confirmations and

    negotiations of irrevocable letters is called?
    A Exim Letter of Credit Correct Answer Incorrect Answer
    B Bank Guarantee Correct Answer Incorrect Answer
    C Letter of Recommendation Correct Answer Incorrect Answer
    D Letter of Issuance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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