Advance Payment Is Commonly Used for Export/import Financing When ________

question 70

Multiple Choice

Advance payment is commonly used for export/import financing when ________.

• A) two parties are unfamiliar with each other
• B) the buyer has obtained credit for the transaction
• C) the transaction is for a relatively high amount
• D) the buyer has good credit rating at banks

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Definitions:

Special Ink

A unique form of ink used for specific purposes, such as security printing to prevent forgery or duplicity.

Legitimacy

Pertains to the lawfulness or authenticity of something, often referring to the power or authority being recognized as just and rightful.

Forged Drawer's Signature

A fraudulent signature applied to a negotiable instrument, such as a check, by someone other than the account holder, intended to deceive the bank or recipient.

Forged Check

A check that has been illegally modified or created to defraud, including altering the amount, making or endorsing without authorization.