Question Paper from: IBPS PO Mains 2017

The transaction in which bank guarantees the payment in case of damage or financial loss and accepts financial risk & liability is known as ____.

1:
Collateral
2:
Underwriting
3:
Letter of Credit
4:
Bank guarantee
5:
Other than the given option
Solution:
Chapter Name: Financial Awareness

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IBPS PO Mains 2017

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