_____ Is a Highly Secure Form of Payment in Which

question 53

Multiple Choice

_____ is a highly secure form of payment in which an importer's bank offers a guarantee of payment when goods are delivered as long as all selling conditions have been met.

• A) Cash in advance
• B) A commercial letter of credit
• C) An open account agreement
• D) Consignment

---

Definitions:

Off the field

Refers to activities, behaviors, or events that occur outside the domain of the active play area or professional practice, often in sports.

Shared hobbies

Activities or interests pursued in leisure time that are enjoyed collectively by a group of people, fostering social bonds and community.

Social network

A structure made up of individuals or organizations that are connected through various social relationships, such as friendship, kinship, common interests, or beliefs.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.