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Letter of credit (LC) is -

A. A reminder given by banks to repay back its loans.
B. An instrument through which a bank guarantees the credit of its customer.
C. An instrument issued by a purchaser to guarantee payment.
D. An instrument issued by a seller to send goods in time .
E. None of these
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সঠিক উত্তরঃ C. An instrument issued by a purchaser to guarantee payment.
Explanation: