Several people claim that letters of credit will soon be, Financial Accounting

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Several people claim that letters of credit will soon be

1. Several people claim that letters of credit will soon be replaced by the concept of TradeCard. What is this product, and why do those people think it has such a bright future?

2. There are three types of hedges that a firm can use to protect itself against transaction exposure. Choose one of them and explain it. Give an example as well to illustrate.

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Financial Accounting: Several people claim that letters of credit will soon be

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