Payment Methods Part 1

Payment Methods Part 1

University

10 Qs

quiz-placeholder

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Payment Methods Part 1

Payment Methods Part 1

Assessment

Quiz

Professional Development

University

Medium

Created by

Ingrid Gonçalves

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Both open accounts and payments in advance are the least secure forms of payment for exporters

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An open account is a form of credit given by the seller to the buyer.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is very unlikely that a new client will be given open account terms.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With payment in advance, the buyer is in a more secure position than the seller.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CWO means that the seller receives the customer's payment together with the order.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With COD, a buyer can take delivery of the goods and then pay for them.

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

... are most commonly made by bank

transfer.

Loans

International payments

International accounts

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