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A letter of credit is issued by a bank at the request of an ____ , and states the bank will pay a specified sum

A letter of credit is issued by a bank at the request of an ____, and states the bank will pay a specified sum of money to a beneficiary, normally the ____, on presentation of particular, specified documents.

a. importer, exporter

b. exporter, importer

c. importer, government

d. exporter, investors

e. importer, investors

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