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5. Describe the procedures of a typical Letter of Credit (L/C) with a flowchart. (8) 6. Bc + AR + Bk + E = 0

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5. Describe the procedures of a typical Letter of Credit (L/C) with a flowchart. (8) 6. Bc + AR + Bk + E = 0 Describe each of the elements in the equation in short. (8)

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