please help me with the answer of this question asap. Explain how the use of...
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please help me with the answer of this question asap.
Explain how the use of letter of credit can secure the position of an exporter in the following situation: " A Libyan buyer has expressed interest in purchasing LED lights that will be installed on the runway of new airports. A German company has shown interest in supplying these lights . However is concerned about the financial situation of the buyer as well as the Bank."
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