46. With which of the following payment mechanisms is it the case that once the

Question

46. With which of the following payment mechanisms is it the case that once the seller has accepted the credit, the customer cannot alter or cancel it without the seller's consent? A. Irrevocable letter of credit B. Open account C. Consignment D. Bank collection time draft E. Documentary draft

47. Which of the following is not typically done in a foreign trade zone? A. Storage B. Inspection C. Repackaging D. Combination with other components E. Payment of duties on goods brought into the foreign trade zone

50. Independent businesses that handle import shipments for compensation are

A. bonded warehouses.

B. freight forwarders.

C. importing agents.

D. customhouse brokers.

Explanation / Answer

46. A) Irrevocable letter of credi

47. E)Payment of duties on hoods brought in the foreign trade zone

48. D) Customhouse brokers

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