Which One of the Following Methods of Payments Is Most

question 7

Multiple Choice

Which one of the following methods of payments is most straightforward and one that is the least risky for the exporter?

• A) documents against payment
• B) time draft
• C) documentary collection
• D) cash in advance

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Definitions:

Federal Reserve

The central banking system of the United States that aims to provide the nation with a safer, more flexible, and more stable monetary and financial system.

E-money Transactions

Financial transactions carried out electronically, using digital currencies or electronic substitutes for cash.

Electronic Fund Transfer Act

A US federal law designed to protect consumers engaging in electronic transfers, including ATM transactions, direct deposits, and other electronic payments.

Commercial

Related to the buying and selling of goods and services or to business activities in general.