Theresa, an importer, uses a variety of payment methods when paying for goods. Which of the following is most likely Theresa's LEAST preferred form of payment?
A) letter of credit
B) wire transfer
C) open account
D) payment in advance
Correct Answer:
Verified
Q3: Janson Enterprises, a U.S. firm, is exporting
Q4: Which currency do exporters typically prefer to
Q10: A _ requires payment upon the transfer
Q14: Major exporting countries typically invoice foreign customers
Q15: When paying via _, the goods are
Q18: Which currency is used most often for
Q20: When a transaction involves a buyer and
Q23: After issuing the letter of credit, the
Q31: The _ is a letter of credit
Q41: A _ extends credit to the importer
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