Multiple Choice
Which of the following arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?
A) sales on open account→cash in advance→documentary credit (L/C) →documentary collection (draft)
B) documentary credit (L/
C) documentary collection (draft) →documentary credit (L/C) →cash in advance→sales on open account
D) cash in advance→documentary credit (L/C) →documentary collection (draft) →sales on open account
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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