The distinctive feature mentioned in the question is the opening of a credit by the importer in favor of the exporter at a bank in the exporter's country. This feature is specific to a certain method or instrument.

To determine the correct answer, let's analyze the options provided:

a. Foreign bills of exchange: This refers to a negotiable instrument used in international trade transactions. However, the opening of a credit by the importer is not a characteristic of foreign bills of exchange.

b. Reimbursement method: This option is not specific enough to determine if it is the correct answer or not. More information is needed to evaluate this option.

c. Cheque: While a cheque is a common payment instrument, the opening of a credit by the importer is not directly related to using a cheque.

d. Bank draft: A bank draft is a payment instrument issued by a bank, typically used for international transactions. However, the opening of a credit by the importer is not a distinctive feature of a bank draft.

Based on the analysis, the most appropriate answer is a. Foreign bills of exchange.

Question

The distinctive feature mentioned in the question is the opening of a credit by the importer in favor of the exporter at a bank in the exporter's country. This feature is specific to a certain method or instrument.

To determine the correct answer, let's analyze the options provided:

a. Foreign bills of exchange: This refers to a negotiable instrument used in international trade transactions. However, the opening of a credit by the importer is not a characteristic of foreign bills of exchange.

b. Reimbursement method: This option is not specific enough to determine if it is the correct answer or not. More information is needed to evaluate this option.

c. Cheque: While a cheque is a common payment instrument, the opening of a credit by the importer is not directly related to using a cheque.

d. Bank draft: A bank draft is a payment instrument issued by a bank, typically used for international transactions. However, the opening of a credit by the importer is not a distinctive feature of a bank draft.

Based on the analysis, the most appropriate answer is a. Foreign bills of exchange.

Knowee AI · Accepted Answer

The distinctive feature mentioned in the question is the opening of a credit by the importer in favor of the exporter at a bank in the exporter's country. This feature is specific to a certain method or instrument.

To determine the correct answer, let's analyze the options provided:

a. Foreign bills of exchange: This refers to a negotiable instrument used in international trade transactions. However, the opening of a credit by the importer is not a characteristic of foreign bills of exchange.

b. Reimbursement method: This option is not specific enough to determine if it is the correct answer or not. More information is needed to evaluate this option.

c. Cheque: While a cheque is a common payment instrument, the opening of a credit by the importer is not directly related to using a cheque.

d. Bank draft: A bank draft is a payment instrument issued by a bank, typically used for international transactions. However, the opening of a credit by the importer is not a distinctive feature of a bank draft.

Based on the analysis, the most appropriate answer is a. Foreign bills of exchange.

Opening by the importer of credit in favor of the exporter at a bank in the exporter's country is a distinctive feature of _________.Select one:a.Foreign bills of exchangeb.Reimbursement methodc.Chequed.Bank-Draft

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