Which of the following statements is NOT true about remittance?
A: It provides highest security to the buyer but not the seller.
B: It is cheaper to use than the other terms of payment.
C: It is based on commercial credit, not bank credit.
D: It may impose high risk either to the buyer or the seller.
A: It provides highest security to the buyer but not the seller.
B: It is cheaper to use than the other terms of payment.
C: It is based on commercial credit, not bank credit.
D: It may impose high risk either to the buyer or the seller.
举一反三
- Which of the following statements in NOT true about remittance? A: It provides highest security to the buyer but not the seller. B: It may impose high risk either to the buyer or to the seller. C: It is based on commercial credit, not bank payment. D: It is cheaper to use than the other terms of payment.
- A stand-by letter of credit ______________. A: is never revoked B: is not a letter of credit C: is invoked in the event of non-compliance by buyer or seller with the terms of an original credit D: is invoked in the event of non-compliance by the buyer or seller with the terms of the sales contract
- To trade on an acceptance credit basis, the bill is accepted by ______. A: the buyer B: the seller C: the buyer or tile bank D: the nominated bank
- Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
- A two－party secured transaction occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods。（)