CIPS Exam A9 Topic 1 Question 60 Discussion

Actual exam question for CIPS's A9 exam

Question #: 60
Topic #: 1

[All A9 Questions]

For relatively small value purchases, which of the following is the most desirable method of payment for an international buyer?

APayment in advance

BLetter of credit

COpen account

DBill of exchange

Show Suggested Answer

Suggested Answer: D

by Leandro at Jun 02, 2024, 07:39 PM

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Daron

12 months ago

Payment in advance? Sounds like the buyer is playing it too safe. Live a little, international friends!

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Bea

11 months ago

C) Open account

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Frank

11 months ago

B) Letter of credit

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Cruz

11 months ago

A) Payment in advance

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Mickie

1 years ago

Open account? More like 'open sesame' to getting your goods, am I right?

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Aleshia

11 months ago

C) Open account

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Lyda

11 months ago

Open account? More like 'open sesame' to getting your goods, am I right?

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Pamella

11 months ago

D) Bill of exchange

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Patti

11 months ago

C) Open account

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Paris

11 months ago

B) Letter of credit

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Charlette

11 months ago

A) Payment in advance

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Tijuana

1 years ago

I'm going with option C. Open account. It's the easiest and most straightforward method for small transactions. No need to complicate things.

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Lai

11 months ago

I prefer payment in advance to avoid any potential issues.

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Honey

1 years ago

I think letter of credit is more secure for international transactions.

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Almeta

1 years ago

I agree, open account is convenient for small purchases.

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Phyliss

1 years ago

Open account all the way! Who has time for all that paperwork with a bill of exchange or letter of credit, am I right? Plus, you can't beat the convenience.

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Dahlia

1 years ago

Hmm, I'm not sure. Payment in advance seems like it would be too much of a hassle for the buyer. Maybe a letter of credit is the way to go?

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Corinne

12 months ago

C) Open account

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Pamella

1 years ago

B) Letter of credit

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Roselle

1 years ago

A) Payment in advance

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Remona

1 years ago

I agree with Genevieve, letter of credit provides security for both parties.

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Genevieve

1 years ago

I think letter of credit is the best option.

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Shelia

1 years ago

I think open account is the best option for small value purchases internationally. It's convenient and hassle-free.

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Theresia

11 months ago

I think letter of credit is more secure for international transactions.

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Wilda

12 months ago

I agree, open account is convenient and hassle-free.

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Mila

1 years ago

I think letter of credit is more secure for international transactions.

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Tammara

1 years ago

I agree, letter of credit is also a good option for international transactions.

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Brittani

1 years ago

I prefer payment in advance for small value purchases. It's safer.

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Kaycee

1 years ago

I agree, open account is convenient and hassle-free.

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