The primary methods of payment for foreign trades, ranked in the order of most secure to least secure for the exporter isGroup of answer choicesopen account, consignment, letter of credit/time draft, and cash in advance.consignment, letter of credit/time draft, cash in advance, and open account.cash in advance, letter of credit/time draft, consignment, and open account.cash in advance, letter of credit/time draft, open account, and consignment.

Opening by the importer of credit in favor of the exporter at a bank in the exporter's country is a distinctive feature of _________.Select one:a.Foreign bills of exchangeb.Reimbursement methodc.Chequed.Bank-Draft

Countertrade transactions areGroup of answer choicesbecoming obsolete as a means of conducting international trade transactions.gaining renewed prominence as a means of conducting international trade transactions.strictly a form of barter.none of the options

Ms Sandra is an entrepreneur and just getting into the export business. She has just received an export order from the United States. Please advise her on the payment modes and the suitability of a particular method of payment (advance payment, L/C, documentary collection (BoE) or open account) based on typical parametres. Please justify your advice and provide Sandra with a flowchart of payment and goods movement.

In international business, involves having a foreign purchaser in the local market or using an export management firm.

The transaction in which the bank receives foreign currency from the customer and pays him in local currency is a –Select one:a.Purchase transactionb.Sale transactionc.Direct transactiond.Indirect transaction