In an open revolving account
A) an exporter sends the documents after shipping directly to the importer
B) the risk of payment is borne completely by the importer.
C) open revolving accounts are usually undertaken by companies with new relationships
D) An open revolving account is a very strong selling tool for the importer
E) usually an open purchase order (P.O.) is requested from the exporter
Correct Answer:
Verified
Q27: In international banking
A) deposits of foreign branches
Q28: The following is true for offshore banks
Q29: When an advance payment is used as
Q30: When a letter of credit is used
Q31: When a documentary collection as a method
Q33: Under methods of payments in international transactions,
A)
Q34: In global shipping:
A) Tanker carriers transport mostly
Q35: Among global stock exchange markets,
A) the London
Q36: In the global depository market,
A) The popularity
Q37: In the Eurocurrency market,
A) the original Eurodollar
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