Author Question: Which payment method is appropriate when the exporter has complete trust in the importer? A) ... (Read 97 times)

Brittanyd9008

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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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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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