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Author Question: Which payment method is appropriate when the exporter has complete trust in the importer? A) ... (Read 137 times)

Brittanyd9008

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on: Jul 7, 2018
Which payment method is appropriate when the exporter has complete trust in the importer?
 
  A) payment in advance
  B) open account
  C) letter of credit
  D) countertrade

Question 2

In 2011, Singapore's exports totalled 171 of its GDP. Briefly explain how this is possible.
 
  What will be an ideal response?


jgranad15

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

Singapore is a major reexporter because of its shipping ports and facilities.


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