Mail transfer, Demand draft and Telegraphic transfer are classified according to ( )
A. Relationship between settlement instruments and capital flow
B. Different delivery tools are used
C. Different bills of exchange are used
Different confirmation methods
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The remittance method with the fastest collection and higher cost is ( )
A. T/T
B. M/T
C. D/D
D/P
The following settlement methods belonging to remittance method are ( )
A. Demand Draft
B. Letter of credit
C. Documentary collection
D. Non-trade cheque collection
In ( ) method, the remitting bank is not responsible for notifying the payee to withdraw money from the bank
A. Telegraphic Transfer
B. Mail Transfer
C. Demand Draft
D. Network Transfer
In collection business, the payer of the draft should be( )
A. exporter
B. importer
C. Exporter’s bank
D. Importer’s bank