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O-LevelCommerceGlobal trade7100/12 · May/June 2014 · Q351 Mark

A letter of credit ensures that goods involved in international trade have had

Acustoms duties paid.
Binsurance arranged.
Cpayment guaranteed.
Dtheir quality checked.

✓ Correct answer

C: payment guaranteed.

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2014 Paper 1 Variant 2, question 35.

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