Which of the Following Is Not a Payment Method Used

question 19

Multiple Choice

Which of the following is not a payment method used for international trade?

• A) Supplier credit
• B) Bill of exchange
• C) Bill of lading
• D) Letter of credit
• E) All of the above are payment methods used.

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Definitions:

Credit Periods

The time frame allowed by a seller for a buyer to pay for goods or services received, usually measured in days.

Auto Parts Stores

Retail outlets that specialize in selling parts and accessories for automobiles, trucks, and other vehicles.

Florists

Businesses or individuals specializing in arranging and selling flowers and ornamental plants.

Receivable

An amount of money owed to a company by its customers or clients for goods or services delivered but not yet paid for.