Which of the Following Is the Most Risky for an Importer

question 51

Multiple Choice

Which of the following is the most risky for an importer?

• A) Open account
• B) Irrevocable letter of credit
• C) Bank collection time draft
• D) Cash in Advance
• E) None of the above

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Definitions:

Economic Satellite

A country or region economically dominated or heavily influenced by another, stronger country, often relying on it for financial support or trade.

Apollo Program

NASA's project aimed at landing humans on the Moon and bringing them safely back to Earth.

Federal Budget

The estimated revenue and expenditure for a forthcoming fiscal year by the federal government.

Natural Environment

The physical, chemical, and biological factors and processes that occur naturally, including land, water, atmosphere, plants, and animals.