Scenario: Wang's Techno Toys

question 2

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 Ann's bank acts as an intermediary without accepting financial risk it is called ________.

• A) documentary collection
• B) buyback
• C) letter of credit
• D) advance payment

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Definitions:

Histogram

A chart that represents the distribution of a dataset by way of rectangular bars, where the area of each bar is proportional to the frequency of items in each category.

Olympic Gold

A medal awarded to the first-place finishers in competitions at the Olympic Games, symbolizing the highest achievement in sports.

High Jump

An athletic event where competitors aim to leap over a horizontally placed bar at various heights without dislodging it.

Year

A period of approximately 365.25 days, representing the time taken for the Earth to orbit the sun.