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In opening an L/C, a bank requires that a certa...

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Question: 
In opening an L/C, a bank requires that a certain percent of the value of goods to be imported under the L/C is paid to the bank in advance.This part/proportion of payment is known as-
Answer: 
L/C protection money
L/C Commission
L/C signing money
L/C guarantee
L/C protection money
L/C margin
Last Updated: 
18/09/2020 - 01:15

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ABL Senior Officer Question Bank General knowledge 2013(Cancelled)

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