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The type of letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing

The type of letter of credit that can be split up between many suppliers, each able to present their own documents for payment and

allowing the trader to take his profits from the balance of the credit, is called:

.

transferable credit.

.

a revolving credit.

.

an irrevocable credit.

.

standby credit.

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