An Open Account Is a Contract Between the Banks of a Buyer

question 12

True/False

An open account is a contract between the banks of a buyer and a seller that ensures payment from the buyer to the seller upon receipt of an export shipment.

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Definitions:

Sponsored Journalism

Sponsored journalism refers to content that is produced and published on behalf of a sponsor, containing news or article elements but mainly intended for promotional purposes.

Commercial Messages

Communication designed to promote or sell a product, service, or idea to consumers, often through advertisements.

Advertisement

Advertisement is a form of communication intended to persuade an audience to purchase products, services, or ideas through various media channels.

Social Media Press

The use of social media platforms to distribute news or press releases to a wider audience effectively.