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  9. Q99

KPSC KAS 2020 · Question 99 of 100

The payment method often used in international trade which offers the exporter the best assurance of being paid for the products sold internationally is _______ .

Economics - Trade

  1. AOpen Account
  2. BDrafts
  3. CBill of Lading
  4. DLetter of CreditCorrect

Answer: D. Letter of Credit

Explanation

A Letter of Credit offers the exporter the best assurance of payment in international trade.

Source: KPSC Gazetted Probationers Prelims Paper-I 24-08-2020 (Subject Code 388), Official Key Chart Series A

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