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Letters of credit facilitate international transactions by __________________. -Providing added assurance that the seller will be paid -Holding goods and payment in escrow on behalf

Letters of credit facilitate international transactions by __________________.

-Providing added assurance that the seller will be paid

-Holding goods and payment in escrow on behalf of both parties

-Providing added assurance that the buyer will receive its goods

-Earning extra fees for the banking industry

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