The principal in D/C is normally the importer in the transaction.
举一反三
- The principal is usually the importer
- The<br/>immediate (two-day) exchange of one currency for another is a A: forward<br/>transaction. B: spot<br/>transaction. C: money<br/>transaction. D: exchange<br/>transaction
- A journal gives a complete record of each transaction in one place, and shows the debits and credits for each transaction.
- Once the importer refuses to pay by collection, the ( ) will be responsible for the cargo release, customs clearance, warehousing, and reselling in the importing country. A: drawee B: exporter's bank C: importer's bank D: principal
- Under the FOB terms, the importer will normally be expected to effect insurance for the goods on board on the receipt of ______ from the exporter.