International Business

Which of the following is true with respect to the international and domestic practices of settling trade transactions? Multiple Choice In an international transaction, there is more trust between the exporter and the importer than in a domestic transaction. In an international transaction, a formal promise to pay is required before the buyer can obtain the merchandise In a domestic transaction, a draft is used to settle trade transactions. In an international transaction, the seller usually ships merchandise on an open account. In an international transaction, the exporter sends a commercial invoice that specifies the amount due and the terms of payment to the importer