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q1 1. A bank issuing a letter of credit on behalf of an importer is not obligated to honour the letter of credit regardless of

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1. A bank issuing a letter of credit on behalf of an importer is not obligated to honour the letter of credit regardless of the importer's Willingness or ability to pay. State True or False and briey explain Why? 2. In general, an MNC's cost of capital depends on the MNC's size, its access to international capital markets, and international diversication. State True or False and briey explain Why

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