Multiple Choice
Which of the following are the basic methods of payment in international trade ranked in order of the most secure for the importer-buyer:
A) Open account; documentary credit; documentary collection; cash in advance
B) Cash in advance; documentary credit; documentary collection; open account
C) Cash in advance; documentary collection; documentary credit; open account
D) Open account; documentary collection; documentary credit; cash in advance
Correct Answer:
Verified
Correct Answer:
Verified
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