
Finance
Quiz
•
Business
•
Professional Development
•
Practice Problem
•
Medium
Sylvain St-Cyr
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these parameters is incorrect?
Instrument of payement
Cash payment
The payment term
Payment guarantee
Currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Letter of credit standby is an international method of payment?
Yes
No
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the safest payment for an importer
Letter of credit
Consignment
Documentary collections
Cash in advance
Open account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the safest payment for an exporter
Letter of credit
Consignment
Documentary collections
Cash in advance
Open account
5.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
In return for these documents, the beneficiary receives payment from the financial institution that issued the letter.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Name a means of payment or a risk
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these following statements is not How a Letter of Credit Works
Sale Contracts
Document Release
Verification by the bank
A copy of Shipment Documents
Presentation of Documents at the bank
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