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| Q. |
Under an acceptance letter of credit, the responsibility of the issuing bank is |
| A. | Only to accept the bill. |
| B. | To pay against the bill. |
| C. | To accept the bill immediately and also to pay the amount of the bill on its due date. |
| D. | To get the acceptance of the importer on the bill. |
| Answer» C. To accept the bill immediately and also to pay the amount of the bill on its due date. | |
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