test

a) Credit card

b) Cash

c) Barter trade

d) Singing a song

a) Clean collection

b)Documentary Collection

c) Both a and b

a) A loyalty card

b) An invoice

c) A handshake

d) A receipt

Clean collection

Documentary Collection

a) Lower cost than documentary collection

b) Safer for seller than documentary collection

c) Both a and b

A) The bank controls both the commercial and financial documents only delivers them when the buyer makes payment

B) The seller sends the goods and commercial documents directly to the buyer, the bank only handles the financial documents

C) The buyer must open a letter of credit with his bank to ensure payment.

D) Payment is made entirely in cash at the time of delivery.

A) When dealing with a new, unverified buyer in a politically unstable country.

B) When shipping high-value, perishable goods to an unknown market.

C) When the transaction involves a long-standing, highly trusted business partner

D) When the importer requires a long credit period and bank financing.