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Section A (1 Mark)A(n) _________________________ combines a normal debt instrument with a credit option.

Section A (1 Mark)

A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.

A.

Credit Futures

B.

standby letter of credit

C.

credit linked note

D.

credit swap

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