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.

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Definitions:

Hemispheres

The two halves of the cerebral cortex in the brain, typically referred to as the right and left hemispheres, each with distinct functions.

Occipital Lobe

The part of the brain located at the back of the head, responsible for processing visual information.

Vision

The sense that allows for the perception of visual stimuli, processed by the eyes and interpreted by the brain.

Body Senses

Sensory systems related to the body that include touch, proprioception (sense of body position), and the vestibular system (balance).