Methods of Payment
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•8 Qs
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Methods of Payment
Quiz
•
English
•
University
•
Hard
+1
Standards-aligned
Ann Priddy
Used 3+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods are shipped to the buyer before payment is made
Advance payment
Open account
Bills for collection
Letters of credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payment is received by the exporter before the goods are shipped.
Bills for collection
Letters of credit
Advance payment
Open account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sent by the exporter's bank. When the buyer agrees to the conditions, the goods are shipped.
Advance payment
Open account
Bills for collection
Letters of credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A guarantee sent by the buyer's bank that shipment will be made once the documentation has been agreed.
Bills for collection
Open account
Advance payment
Letters of credit
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
___________ is when the goods are shipped only after payment has been received.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If the buyer's bank guarantees payment, they use ___________.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The riskiest form of payment is __________.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
8.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______________ are sent by the exporter's bank.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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