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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Definitions:

Abbreviation

An abbreviated variation of a word or phrase.

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Abbreviation

The process of shortening a word or group of words to simplify expressions or terms.

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