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1 a. what action by a financial institution exposes it letters of credit risk? b. what type of risk the affects the financial institution as

1 a. what action by a financial institution exposes it letters of credit risk?

b. what type of risk the affects the financial institution as a result of letters of credit?

c. what circumstances must occur for the financial institution to incur a loss (or an unexpectedly large loss) from letters of credit?

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