The remittance method with the fastest collection and higher cost is ( )
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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
The bank that transfers funds at the request of a remitter to its correspondent or branch in another country and instructs the latter to pay a certain amount of money to the payee or the beneficiary refers to ( )
A. Remitter
B. Remitting bank
C. Paying bank
D. Payee