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An Importer Will Generally Try to Avoid Making Payment for a Purchase

Question 50

Multiple Choice

An importer will generally try to avoid making payment for a purchase before the goods are actually shipped by


A) purchasing a letter of credit.
B) having payment sent to a bank in the exporter's country to be held until proper shipment is made.
C) post-dating a check.
D) insisting on payment only upon delivery.

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