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QUESTION (10 MARKS ) In international trade, an exporter would normally want to know How quickly can I get my money? Under documentary credit, the

QUESTION (10 MARKS )

In international trade, an exporter would normally want to know How quickly can I get my money? Under documentary credit, the answer to this question depends on whether the credit is available by

A. Sight payment

B. Usance payment

C. Deferred payment

D. Payment by negotiation

Briefly explain the meaning of each of the above terms.

THIS SUBJECT IS INTERNATIONAL TRADE AND FINANCE

I HAVE ONLY ONE HOUR PLEASE RESPOND TO ME ASAP

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