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‘Yours faithfully’ vs ‘Yours sincerely’

When do you write ‘Yours faithfully’ and when ‘Yours sincerely’ in a business letter?

When the recipient’s name is unknown to you:
* Dear Sir … Yours faithfully
* Dear Sir or Madam … Yours faithfully
When you know the recipient’s name:
* Dear Mrs Hanson … Yours sincerely
* Dear Miss/Ms Hanson … Yours sincerely
When addressing a good friend or colleague:
* Dear Jack … Best wishes/Best regards
Addressing whole departments:
* Dear Sirs … Yours faithfull
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