7) A.What is the major difference between \"currency risk\" and
\"risk of noncompletion\"? How are these...
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7) A.What is the major difference between \"currency risk\" and\"risk of noncompletion\"? How are these risks handled in a typicalinternational trade transaction? B. Explain what a letter of credit(L/C) is, who the principle parties are, what the principleadvantage is, and how the L/C facilitates international trade.
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ACurrency risk is the risk of change in value of currency and the loss of value of one currency against another due to the gap between shipment of goods and receipt of money Risk of non completion is the risk associated with
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