. From the importer's point of view the most attractive method of payment is

A) open account.

B) time draft.

C) documentary collection.

D) documents against payment.

E) Cash in Advance

2. A typical foreign trade transaction requires three basic documents

1. letter of credit, bill of lading, and shipping documents.

2. time draft, banker's acceptance, and bill of lading.

3. letter of credit, time draft, and bill of lading.

4. letter of credit, banker's acceptance, and bill of lading.

3. Through its Export Credit Insurance Program, Eximbank helps U.S. exporters develop and expand their overseas sales by

1. protecting them against loss should a foreign buyer default.

2. guaranteeing the loans made by private financial institutions to foreign importers.

3. providing liquidity via the purchase of notes issued by Eximbank to finance the loans.

4. none of the above

4. The ________'s bank sends the letter of credit to the ________'s bank. After sending the merchandise, the ________ gives the shipping documents and time draft to his bank.

1. importer; exporter; exporter

2. exporter; importer; importer

3. importer; exporter; importer

4. exporter; importer; exporter