What Is the Primary Risk an Exporter Faces with Documentary

question 97

Multiple Choice

What is the primary risk an exporter faces with documentary collection?

• A) bank changing terms
• B) importer defaulting
• C) issuing bank defaulting
• D) importer failing to pay account balance

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Definitions:

Decoding

The process of interpreting or understanding language, symbols, or data to derive meaning.

Non-verbal Symbols

Means of communication without the use of spoken language, such as gestures, facial expressions, and body language.

Verbal

Relating to words, especially spoken ones, as opposed to non-verbal communication such as gestures or facial expressions.

Listening Skills

The ability to accurately receive and understand messages during the communication process, essential in effective interpersonal interactions.