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

10 months ago

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

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Bea

9 months ago

C) Open account

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Frank

9 months ago

B) Letter of credit

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Cruz

9 months ago

A) Payment in advance

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Mickie

10 months ago

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

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Aleshia

9 months ago

C) Open account

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Lyda

9 months ago

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

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Pamella

9 months ago

D) Bill of exchange

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Patti

9 months ago

C) Open account

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Paris

9 months ago

B) Letter of credit

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Charlette

10 months ago

A) Payment in advance

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Tijuana

11 months 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

10 months ago

I prefer payment in advance to avoid any potential issues.

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Honey

10 months ago

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

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Almeta

10 months ago

I agree, open account is convenient for small purchases.

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Phyliss

11 months 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

11 months 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

10 months ago

C) Open account

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Pamella

10 months ago

B) Letter of credit

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Roselle

10 months ago

A) Payment in advance

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Remona

11 months ago

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

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Genevieve

11 months ago

I think letter of credit is the best option.

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Shelia

11 months 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

10 months ago

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

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Wilda

10 months ago

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

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Mila

10 months ago

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

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Tammara

10 months ago

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

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Brittani

11 months ago

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

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Kaycee

11 months ago

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

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