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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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