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CTP · Question #420

CTP Question #420: Real Exam Question with Answer & Explanation

The correct answer is B. Sight. See the full explanation below for the reasoning.

Question

  • (Topic 5) A small import/export company, XYZ Company, has recently set up an account with a German firm. The contract between the companies states that XYZ is to be paid as soon as all documents are in order showing that the transaction terms have been met. Which of the following forms of payment drafts would be MOST appropriate for XYZ?

Options

  • APayable through
  • BSight
  • CTime
  • DPreauthorized

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