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Bank A has opened a letter of credit on behalf of its customers Imports India. When a bill under the letter of credit is presented for payment by the negotiating bank it is found that Imports India do not have sufficient balance in the account to pay the bill. The bank should.

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Bank A has opened a letter of credit on behalf of its customers Imports India. When a bill under the letter of credit is presented for payment by the negotiating bank it is found that Imports India do not have sufficient balance in the account to pay the bill. The bank should.






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