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Letter of Credit
The text describes problems exporters have with letters of
credit. Since letters of credit transactions are document-based,
the slightest discrepancies between documents can snag a
transaction. In 200 to 300 words, describe how an organization
can mitigate one risk in writing a letter of credit.

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  • 1. Letter of Credit The text describes problems exporters have with letters of credit. Since letters of credit transactions are document-based, the slightest discrepancies between documents can snag a transaction. In 200 to 300 words, describe how an organization can mitigate one risk in writing a letter of credit.