Multiple Choice
Scenario: Wang's Techno Toys
Ann Wang has been successful in the domestic market selling high-tech toy products.But facing stiff competition at home,Ann has entered international markets by direct exporting.
-If Techno Toy's bank acts as an intermediary without accepting financial risk,it is demonstrating which of the following methods of export/import financing?
A) Documentary collection
B) Buyback
C) Letter of credit
D) Advance payment
Correct Answer:
Verified
Correct Answer:
Verified
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