AFP
CTP · Question #7
(Topic 1) A U.S. exporter sells goods to a foreign buyer in U.S. dollars and wants to guarantee that payment is made by the buyer. The exporter would MOST LIKELY require a(n):
The correct answer is C. letter of credit. See the full explanation below for the reasoning.
Question
- (Topic 1)
A U.S. exporter sells goods to a foreign buyer in U.S. dollars and wants to guarantee that payment is made by the buyer. The exporter would MOST LIKELY require a(n):
Options
- Abankers' acceptance.
- Bdocumentary collection.
- Cletter of credit.
- Dopen account.
How the community answered
(21 responses)- A10% (2)
- B5% (1)
- C81% (17)
- D5% (1)
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