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D Question 4 10 pts Describe how LC (Letter of credit) works and the reasons why it is preferred over other methods of payment for

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D Question 4 10 pts Describe how LC (Letter of credit) works and the reasons why it is preferred over other methods of payment for international trade. (5 points) What is currency manipulation? What are the ways to manage the risk of exchange rate fluctuations to protect the bottom line? (5 points)

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