Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as

1. 

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as
[A]. Letter of Credit (L/C)
[B]. laissezfaire
[C]. inflation
[D]. None of the above

Answer: Option A

Explanation:

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