Regarding letters of credit

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Reference no: EM131074640

Which of the following is not true regarding letters of credit, CHOSE BEST ANSWER

A) They are issued by banks on behalf of the importer promising to pay the exporter.

B) A revocable letter of credit can be cancelled or revoked at any time without prior notification to the beneficiary.

C) They guarantee that the goods shipped are the goods purchased.

D) All of the above are true.

Reference no: EM131074640

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