_____ 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

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Definitions:

Voluntary Emigration

The act of leaving one’s country of origin to settle in another by choice, often for economic, social, or political reasons.

Capitalist Economy

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or corporations for profit.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Defense Mechanisms

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and unacceptable thoughts or feelings.