q discuss the different types of letters of, International Economics

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q discuss the different types of letters of

Q. Discuss the different types of Letters of credit?

Types: i. Revocable Letter of credit ii. Irrevocable Letter of credit iii. Deferred payment Letter of credit iv. Confirmed Letter of credit v. Unconfirmed Letter of credit vi. Transferable Letter of credit vii. Revocable Letter of credit viii. Back to Back Letter of credit ix. Anticipatory Letter of credit.

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