Which of the following is NOT a valid type of Letter of Credit?

Q. Which of the following is NOT a valid type of Letter of Credit?
Answer: Irreversible Letter of Credit
Notes: The correct term is “Irrevocable Letter of Credit,” which cannot be amended or canceled without the consent of all parties involved. There is no such thing as an “Irreversible Letter of Credit.”

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📌 Question Number: 6 in Bank Guarantees and Letters of Credit in the above course in App.