When trading across borders, firms choose between different payment contracts. In particular, an exporter and an importer have to agree on should be made before or after delivery.

$($i$)$ Explain the dterminants of international payment methods

$($ii$)$Discuss the role of Governments in international trade financing

$($iii$)$ Explain the term 'Buyers credit' and identify the benefit of buyer's credit to the importer

$($iv$)$ What are the steps involved in using buyers' credit as a payment option for international trade?