CIPS Exam A9 Topic 1 Question 60 Discussion

Actual exam question for CIPS's A9 exam

Question #: 60
Topic #: 1

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

5 months ago

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

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Bea

5 months ago

C) Open account

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Frank

5 months ago

B) Letter of credit

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Cruz

5 months ago

A) Payment in advance

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Mickie

6 months ago

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

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Aleshia

5 months ago

C) Open account

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Lyda

5 months ago

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

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Pamella

5 months ago

D) Bill of exchange

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Patti

5 months ago

C) Open account

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Paris

5 months ago

B) Letter of credit

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Charlette

5 months ago

A) Payment in advance

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Tijuana

6 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

5 months ago

I prefer payment in advance to avoid any potential issues.

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Honey

6 months ago

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

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Almeta

6 months ago

I agree, open account is convenient for small purchases.

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Phyliss

6 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

6 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

5 months ago

C) Open account

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Pamella

6 months ago

B) Letter of credit

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Roselle

6 months ago

A) Payment in advance

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Remona

6 months ago

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

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Genevieve

6 months ago

I think letter of credit is the best option.

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Shelia

7 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

5 months ago

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

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Wilda

5 months ago

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

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Mila

6 months ago

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

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Tammara

6 months ago

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

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Brittani

6 months ago

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

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Kaycee

6 months ago

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

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