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BNK601 - Banking Laws & Practices

Question(s) similar to the following:

Which of the following international trade financing methods refers to “A method in which the exporter can avoid credit risk or the risk of nonpayment, since payment is received prior to the transfer of ownership of the goods”?

Question 1: Which of the following international trade financing methods refers to “A method in which the exporter can avoid credit risk or the risk of nonpayment, since payment is received prior to the transfer of ownership of the goods”?

Letter of credit
Open account
Documentary collection
Payment in advance

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Question 2: Which of the following international trade financing methods refers to “A method in which the exporter can avoid credit risk or the risk of nonpayment, since payment is received prior to the transfer of ownership of the goods”?

Letter of credit
Open account
Documentary collection
Payment in advance
Quizzes of BNK601 - Banking Laws & Practices
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