In ___________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met.
A: payment in advance
B: open account payment
C: documentary collection
D: L/C
A: payment in advance
B: open account payment
C: documentary collection
D: L/C
举一反三
- In _________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met.
- Which of the following sentences about collection is ture? A: By collection, the buyer draws a bill of exchange, to which shipping documents are attached. B: In collection, the bank will do the service of collecting and remitting. C: In collection, bank will pay a seller even if the buyer has not received the goods. D: In collection, payment is made through banks under the two terms of payment: D/P or D/A.
- Which is the most secure way for the exporter to make payment? A: Cash in advance B: Letter of Credit C: Open account D: Documentary collection
- Which is the most secure way for the exporter to recieve payment? A: Cash in advance B: Letter of Credit C: Open account D: Documentary collection
- 6. Which is the most secure way for the exporter to make payment? A: Documentary collection B: Letter of Credit C: Cash in advance D: Open account(赊销)