770 216_Documentation and Finance II
Authored by Satwika Kirana
English
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
a bill to order a bank to pay a specified amount of money to someone’s account
advance payment (n)
documentary credit (n)
cheque (n)
open account (n)
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
also called cash against documents (CAD). It means that the exporter has full control over the documents until payment has been made by the importer.
documents against payment (n)
cash on delivery (n)
advance payment (n)
documentary credit (n)
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
to get a sum of money added to a bank account
acknowledge (v)
transfer (v)
secure (adj)
credit (v)
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
customer pays immediately on receiving the goods
cheque (n)
cash on delivery (n)
open account (n)
documents against payment (n)
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
customer/importer has to pay for the goods before they are shipped
advance payment (n)
cash on delivery (n)
open account (n)
documents against payment (n)
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
a method of payment where the buyer's bank guarantees payment to the seller with the condition that the seller has to fulfill
cheque (n)
transfer (v)
open account (n)
documentary credit (n)
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
the exporter supplies the goods, and the importer/customer pays for them at an agreed date in the future
cash on delivery (n)
advance payment (n)
open account (n)
cheque (n)
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