Business, 31.03.2020 19:12 mikey3882

A letter of credit:

a. Ensures a company that funds will be available when needed
b. Is analogous to a credit card that companies can draw on as needed
c. Is a representation that a company has a high credit rating
d. Provides a guarantee of payment from the buyer, reducing the credit risk to the seller

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A letter of credit:

a. Ensures a company that funds will be available when needed