Which of the Following Payment Methods Provides the Exporter with the Strongest

question 30

Multiple Choice

Which of the following payment methods provides the exporter with the strongest protection against risk?

• A)Cash in advance
• B)Letter of credit
• C)Draft
• D)Consignment

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Definitions:

Exclusive Possession

The right of an individual or entity to use and control a property without the interference of others.

Private Tort Actions

Legal proceedings initiated by individuals seeking compensation for harm or injury caused by another's wrongful act or negligence.

Environmental Damage

Harm caused to the natural environment due to human activities or natural disasters.

NAAQS

The National Ambient Air Quality Standards, regulations that establish allowable concentration levels of pollutants in the air in the United States.