When an advance payment is used as the method of payment in international transactions
A) it provides full security to the importer
B) the risk is completely borne by the exporter
C) advance payment is preferred when the exporter and importer are familiar with each other
D) exporter incurs an interest expense because of the upfront payment
E) advance payments in international business are not common in international business
Correct Answer:
Verified
Q24: When establishing a subsidiary overseas, the following
Q25: When establishing a subsidiary overseas
A) a company
Q26: In international banking
A) all commercial banks have
Q27: In international banking
A) deposits of foreign branches
Q28: The following is true for offshore banks
Q30: When a letter of credit is used
Q31: When a documentary collection as a method
Q32: In an open revolving account
A) an exporter
Q33: Under methods of payments in international transactions,
A)
Q34: In global shipping:
A) Tanker carriers transport mostly
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