
Payment Methods Part 1

Quiz
•
Professional Development
•
University
•
Medium
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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