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You want to purchase a shipment of lawn furniture from an exporter in China.The exporter asks that you place the payment for the transaction in

You want to purchase a shipment of lawn furniture from an exporter in China.The exporter asks that you place the payment for the transaction in an escrow account.Which method of payment does this represent?

Question 1 options:

Letter of credit

Consignment

Documentary collection

Cash-in-advance

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