Which of the following payment methods provides the exporter with the strongest protection against risk?
A)Cash in advance
B)Letter of credit
C)Draft
D)Consignment

Name: Which of the following payment methods provides the exporter with the strongest protection against risk? A)Cash in advance B)Letter of credit C)Draft D)Consignment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash in advance offers the exporter the strongest protection against risk because payment is received before the ownership of the goods is transferred.

Which of the Following Payment Methods Provides the Exporter with the Strongest