Multiple Choice
When a documentary collection as a method of payment is used in international transactions,
A) the importer's bank will pay immediately if it is a document against acceptance
B) the importer's bank will pay on the specified date if it is a document against payment
C) it is less expensive than a letter of credit
D) it is often used with shipments by air
E) it is commonly used when the parties are not familiar with each other
Correct Answer:

Verified
Correct Answer:
Verified
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