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The telegraphic transfer (TT) rate is a crucial component in international trade, particularly in the context of exports. It refers to the exchange rate at which a bank converts one currency into another when transferring funds abroad through a telegraphic transfer. This method of payment is widely used in export transactions because it allows for quick and secure transfer of funds from the importer to the exporter. Understanding ___ ____ __________ __________ ______ _______ __________ _________ ____ _________ __________.
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