Homework answers / question archive / San Antonio College COURSE TITLE-BMGT 1325 Quiz 8 1)Cash in advance is always the best payment term for an exporter  True False Reliable credit and country risk information makes open account export sales a viable option  True False   In documentary collections, banks guarantee payment to the exporter True False   Letters of credit are typically guaranteed only by the customer’s bank overseas True False Letters of credit always require the overseas customer to make payment as soon as the shipping documents arrive True False  

San Antonio College COURSE TITLE-BMGT 1325 Quiz 8 1)Cash in advance is always the best payment term for an exporter  True False Reliable credit and country risk information makes open account export sales a viable option  True False   In documentary collections, banks guarantee payment to the exporter True False   Letters of credit are typically guaranteed only by the customer’s bank overseas True False Letters of credit always require the overseas customer to make payment as soon as the shipping documents arrive True False  

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4. Letters of credit are typically guaranteed only by the customer’s bank overseas

True

False

5. Letters of credit always require the overseas customer to make payment as soon as the shipping documents arrive

True False