Scenario: Wang's Techno Toys

question 7

Multiple Choice

Scenario: Wang's Techno Toys
Ann Wang has been successfully running Wang's Techno Toys that sells high-tech toys in the domestic market. Continually increasing and stiff competition at home has now forced Wang's Techno Toys to enter international markets through direct exports.
-Which of the following methods of export/import financing is Techno Toys' bank using if it acts as an intermediary without accepting financial risk?

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

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