Which payment method is appropriate when the exporter has complete trust in the importer?

Question

Quizplus · Accepted Answer

Open account transactions are most appropriate when the exporter has complete trust in the importer because the goods are shipped and delivered before payment is due, typically within 30, 60, 90, or 120 days. This method is advantageous for the importer in terms of cash flow and cost, but it is the riskiest option for the exporter.

Which Payment Method Is Appropriate When the Exporter Has Complete