Unit 7 Terms of Payment
Starting-up
True or False.
The methods of payment we use in the international trade are chiefly Remittance,
Collection and the Letter of Credit. ( T )
Among T/T, M/T and D/D, T/T is the cheapest method of payment. ( F )
Under collection, there are two terms of payment---documents against payment
and document against acceptance. ( T )
Clean collection refers to a collection of financial documents accompanied by
commercial documents or commercial documents not accompanied
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