Export/import Financing in Which an Exporter Ships Merchandise and Later

question 44

Multiple Choice

Export/import financing in which an exporter ships merchandise and later bills the importer for its value is called ________.

• A) advance payment
• B) open account
• C) a letter of credit
• D) documentary collection

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Definitions:

Battering

The act of repeatedly subjecting someone to violent physical assaults, often within domestic settings.

Elder Abuse

Harmful actions toward older adults, including physical, emotional, sexual abuse, financial exploitation, and neglect.

Elder Abuse Victims

Individuals, typically older adults, who experience harm or neglect, often perpetrated by someone known to them, such as a family member or caregiver.

Financial Exploitation

The illegal or improper use of another individual's funds, properties, or resources.