L6M10 Exam Dumps | What are common methods of payment used in international trade? (Select ALL that apply)

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Global Logistics Strategy
CIPS.L6M10.v2025-09-06.q84
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Question 43/84

What are common methods of payment used in international trade? (Select ALL that apply)

A. Telegraphic transfer

B. Mail transfer

C. Banker's draft

D. Debit card payment

E. Documentary letter of credit (LC/LOC)

Correct Answer: A,B,C,E

Common payment methods in international trade include telegraphic transfer, mail transfer, banker's draft, and documentary letter of credit (LC/LOC). These methods facilitate secure and efficient cross-border transactions. Debit card payments are more commonly used for domestic transactions. [P-135]

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