The Primary Methods of Payment for Foreign Trades,ranked in the Order

question 74

Multiple Choice

The primary methods of payment for foreign trades,ranked in the order of most secure to least secure for the exporter is

• A)open account,consignment,letter of credit/time draft,and cash in advance.
• B)consignment,letter of credit/time draft,cash in advance,and open account.
• C)cash in advance,letter of credit/time draft,consignment,and open account.
• D)cash in advance,letter of credit/time draft,open account,and consignment.

---

Definitions:

Work Less Hard

A reduction in the effort or intensity with which an individual or group engages in their tasks or duties.

Risky Decisions

Choices made under conditions of uncertainty, where outcomes can include significant losses or gains.

Destination Contract

A shipping agreement where the seller is obligated to deliver goods to a specific destination, with the seller bearing risk and cost until delivery.

Risk Of Loss

The potential for an asset to decrease in value or for an investment to lose money.