……………..is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
A)bill of lading
B)letter of credit
C)open account
D)drafts

Question

Quizplus · Accepted Answer

A letter of credit is widely used in international trade as it provides the exporter with a high level of security that payment will be received. It is a commitment by a bank on behalf of the buyer that payment will be made to the exporter, provided that the terms and conditions stated in the letter of credit are met.

……………Is the Payment Method Most Often Used in International Trade