To the exporter, the fastest and safest method of settlement is ( B )A
letter of credit B
cash in advance C
open account D
banker’s draft2
To the importer, the most favorable method of settlement is ( C ) of credit B
cash in advance C
open account D
collection3
Which of the following payment method is based on commercial credit( C ) of credit guarantee C
collection D
standby credit4
An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each ( A )A
importer; exporter B
exporter; importer C
importer; importer D
exporter; exporter5
International cash settlement has the following disadvantages except ( B ) A
expensive B
safe C
risky D
time-consuming 6
CHIPS is the electronic clearing system for ( B ) B