Which of the Following Is NOT a Method of Export/import

question 2

Multiple Choice

Which of the following is NOT a method of export/import financing?

• A)Documentary collection
• B)Letter of credit
• C)Buyback
• D)Open account

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Total Revenue

The total amount of money earned by a firm from the sale of its products or services before any costs or expenses are subtracted.

Elastic

A characteristic of a good or service with demand or supply that is responsive to changes in price, typically resulting in significant quantity changes when prices vary.

Inelastic

Describes a situation in which the demand for a good or service is relatively unresponsive to changes in price.