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The one I selected in blue is incorrect. Which one is correct? An important characteristic of a letter of credit is Guarantees a smooth transaction

The one I selected in blue is incorrect. Which one is correct?

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An important characteristic of a letter of credit is Guarantees a smooth transaction It makes it easier for major global banks to process the trarisactions of smaller banks around the globe Guarantees merchandise even though the exporter no longer wants to comply with contract Brings exporters and importers together

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