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Answer Posted / jiban sankhali tripathy
cash credit is a system by which a banker allows credit
limit to his customer against hypothecation of stock (i.e
store items,finished goods & semi-finished goods.)
letter of credit is a system by which a banker gives th e
credit limit to his customer by taking some margin money
without any hypothecation of stock.
| Is This Answer Correct ? | 20 Yes | 3 No |
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