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: 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.
举一反三
- 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.
- Which of the following sentences about collection is ture? A: By collection, the buyer draws a bill of exchange, to which shipping documents are attached. B: In collection, the bank will do the service of collecting and remitting. C: In collection, bank will pay a seller even if the buyer has not received the goods. D: In collection, payment is made through banks under the two terms of payment: D/P or D/A.
- In ___________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met. A: payment in advance B: open account payment C: documentary collection D: L/C
- Which of the following payment modes may bring the highest risk to a seller（ ） A: D/A B: D/P after sight C: D/P at sight D: T/T in advance
- 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