When it comes to bank's service charge for providing a L/C,the larger the transaction,the higher the percentage.

Question

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The service charge for providing a Letter of Credit (L/C) by a bank is typically a fixed percentage or a flat fee and does not necessarily increase as a percentage with the size of the transaction. Larger transactions might negotiate lower percentage fees due to the volume of business.

When It Comes to Bank's Service Charge for Providing a L/C,the