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Explain and contrast (1) confirmed letter of credit and (2) unconfirmed letter of credit. A confirmed letter of credit: Exporters bank becomes [ ] bank.

Explain and contrast (1) confirmed letter of credit and (2) unconfirmed letter of credit.

  1. A confirmed letter of credit: Exporters bank becomes [ ] bank. Explain?

  1. An unconfirmed letter of credit: Exporters bank becomes [ ] bank. Explain?

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