The majority of international trade uses __________ as the payment method.
A) cash in advance
B) letters of credit
C) documentary collection
D) open account terms

Question

Quizplus · Accepted Answer

The majority of international trade uses letters of credit as the payment method, which provides a secure form of payment for both the buyer and the seller. The other payment methods, cash in advance, documentary collection, and open account terms, are less common in international trade compared to letters of credit.

The Majority of International Trade Uses __________ as the Payment