Question: Letter of Credit (LC) is a banking instrument used for--
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a.Export-Import
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b.Foriegn remittance
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c.Local money transfers
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d.Local trading
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e.None of these
Answer: a
 is a banking instrument used for--&description=Letter of Credit (LC) is a banking instrument used for-- a) Export-Import b) Foriegn remittance c) Local money transfers d) Local trading e) None of these Ans. a) Export-Import
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